Union buys £1.4m Leicester offices

A city centre regeneration scheme at Friars Mill Office Park is set for completion with the £1.4m sale of the Riverside Building to the Leicester branch of trade union, Unite.

Leicestershire commercial property specialist Andrew + Ashwell has confirmed the sale, with Unite set to relocate from previous headquarters on nearby Burleys Way to the new building on Bath Lane, built by Brackley Property Developments.

Construction is underway and the last remaining offices within the scheme, the neighboring Fabric Building, will be speculatively built at the same time, with completion for both scheduled for May 2019.

Stephen Pedrick-Moyle, managing director of Brackley Property Developments, said: “We are proud to be constructing these flagship buildings in the final phase of Friars Mill Office Park. It is a real privilege to be involved in regenerating an area of Leicester that has been pivotal in its industrial history and is set to have a great future once again.”

Jane Taylor of Andrew + Ashwell added: “We are delighted that the final phase of Friars Mill Office Park is now set for completion with the forthcoming sale of Riverside Building. The Fabric Building will be the last opportunity for companies to acquire Grade A office accommodation on the Friars Mill site with the building being available freehold or leasehold.

“This is an impressive and highly convenient location for businesses to set down roots, raise their profile and provide a prestigious platform for growth in what will prove a wonderful landmark scheme for Leicester.”