Bondholder BB&J Commercial has secured the sale of a prestigious landmark office building on Derby’s premier business location of Pride Park.
BB&J Commercial acted on behalf of Total Integrated Solutions Ltd to sell Technology House in Mallard Way as an investment property to DI (UK) Ltd for an undisclosed amount.
The deal was put together by BB&J Commercial’s senior agency surveyor Chris Keogh, who worked to match up the right buyer for the transaction in a very tight timescale.
The three-storey, 7,894 sq ft property is one of the most prominent on Pride Park, and will continue to be occupied by Lionbridge (UK) Ltd which is a multi-national software and professional services company that has based part of their UK operations in Pride Park since 2014.
Chris Keogh said: “Investment properties are in extremely limited supply, and we have a number of very keen investors looking for opportunities.
“Being able to put together this deal using our expert knowledge demonstrates that with the right connections and clients there is exceptional demand in the market place. The deal was agreed before the property was even formally put to the market.”
Scott Bailey, of DI commented: “We have dealt with BB&J Commercial previously and when they came to us with this opportunity, we knew we had to take it seriously and move quickly to secure the investment. We are delighted with the purchase.”
Chris concluded: “We have several other investment opportunities currently on the market in Pride Park and in prime locations across Derbyshire, which are all either the subject of interest or under offer.”