Investment News | 14 September 2021

International rail firm expands Derby presence

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An international rail firm has expanded its presence in Derby after securing a deal for a prestigious office building on Pride Park.

Loram UK, which is an international name working within the rail sector, has agreed a 10-year lease on Technology House, in Mallard Way.

The building provides almost 8,000 sq ft, split over three floors and benefits from 56 parking spaces.

Loram UK offers a complete range of rolling stock engineering, maintenance and restoration services.

The firm carries out these services at its 100,000 sq ft premises at at the RTC Business Park, also in Derby.

FHP Property Consultants and Salloway Property Consultants acted as joint agents on Technology House for landlord Derbyshire Investments.

Darran Severn, from FHP, said: “This is a substantial office transaction in Derby and I am pleased the letting has now completed.

“Loram is a well-known international name who work within the rail sector.

“Technology House has been taken in addition to their existing offices at RTC Business Park.

“We are beginning to see more occupiers return to the office and this is evident by not only this letting but a number of other deals that are currently progressing.

“Pride Park is still a popular choice due to its connectivity with the city centre and motorway links.”

Scott Bailey, from Derbyshire Investments, said: “We are extremely pleased with the new letting to Loram and shows the strength of the office market within Derby and especially Pride Park.”

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