Agent achieves full occupancy at Derby office building

FHP Property Consultants has reported that an office building in Derby is now fully let following the completion of the latest letting achieved alongside joint agents Innes England.

Pentagon House, which is a prominent building opposite Derbyshire County Cricket Club, is now occupied by six thriving businesses.

According to FHP, the Grade A office space and “fantastic” parking has been a key driver for tenants moving to the building.

Darran Severn, from FHP, said: “Pentagon House offers excellent office accommodation and benefits from a central location, which has great access to the A52/A38 and is also within a short walk of Derby city centre.

“The building has been upgraded to suit occupier requirements and, as a result, is now at full occupancy.

“Not only that, but we have also seen the headline rent increase by approximately 10% over the last couple of years.

“There continues to be good activity within the office sector in Derby this year with occupiers seeking to relocate to better quality space.

“We simply require more high-quality stock to place these requirements both on Pride Park and across the city.”

Pentagon House is a 32,000 sq ft office building, which was built in 1989 as the head office for Williams Holdings.

In 2011, the property was purchased by Loxton Developments and over the past 15 years has been completely refurbished.

The office suites range in size from approximately 3,700 sq ft to 8,000 sq ft and comprise open plan accommodation with air conditioning, showers, LED lights, individual WCs and a parking ration of one space per 172 sq ft with the added benefit of eight EV charging points.

John Roberts, from Loxton Developments, said: “We are delighted to let the final suite and welcome a new tenant to Pentagon House.

“Darran and the team at FHP have, as always, been excellent to work with on this letting.”