Siemens to expand Nottingham presence
M7 Real Estate has completed the letting of a 31,000 sq ft building at Central Park, Nottingham to Siemens in the largest office letting in Nottingham since Q1 of 2016.
M7 has owned the property since 2015 and recently instructed FHP market the property.
Siemens will move 300 staff from its existing offices at Lambourne Drive in Wollaton.
M7 has spent £2.5m refurbishing the building and Siemens will move in this month (November).
John Murnaghan, head of UK Real Estate of M7, said: “When we purchased Central Park in 2015 we could clearly identify its potential as a Grade A office that would offer tenants both a highly accessible and convenient location at a rental level that was highly competitive to those being charged elsewhere within the City. With our professional team, we put together a package that allowed us to work closely alongside Siemens to overcome a number of complex issues and deliver the building in a short time frame. We have now delivered an exceptional building that meets Siemens’ occupational needs and without any loss of business continuity.”
Kevin Harrington, EMEA transaction & strategy manager at Siemens Real Estate, said: “This transaction involved hitting a number of critical events in the timeline and it was only through a collective commitment on all sides to completely engage with openness and cooperation that we were successful.”