Uber makes Nottingham city centre move

Uber's new Nottingham office

Taxi firm Uber has taken office space in Nottingham in a deal brokered by two local firms.

Uber has let an office suite at King Edward Court in Nottingham City centre.

Mark Tomlinson of FHP Property Consultants, who acted for the landlord, said: “We received very strong levels of interest for this building with competitive bids taking place within four weeks of marketing. We achieved well over the asking price at an investment yield of 6.5% showing strong demand in the sub £500,000 local investment sector.

F”rom the changes to the entry cost of purchasing residential investments due to the stamp duty changes and the increasing scarcity of office properties in Nottingham City Centre due to conversions of many office buildings to apartments, we are now seeing increasing demand from local investors and those investors.”

Giles Davis of Geo Hallam & Sons, who acted on behalf of the purchaser, said: “The building fitted our client’s requirement in terms of location and lot size and we are delighted to have secured the property for them.”

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