HQ of Derby aerospace firm sold

The Derby headquarters of aerospace supply chain giant Pattonair have been sold.

BB&J Commercial has brokered a deal to sell 1 Pride Park View to Derbyshire Investments on behalf of a retained client.

Pattonair is a leading global aerospace and defence supply chain service provider, with nearly half a century of experience in the industry and has been in the property since last year.

The sale was brokered by Graham Bancroft, partner at BB&J Commercial.

He said: “The property is situated in what many would consider to be the best and most prominent position on Pride Park overlooking the stadium and Derby Arena.

“The location of the building coupled with the fact that it is let to a very strong global business such as Pattonair made this an enticing investment opportunity and whilst there were the usual ups and downs through the legal process all parties worked together sensibly to get the deal over the line.”

Scott Bailey of Derbyshire Investments said: “We are delighted with the purchase of 1 Pride Park View which fits in nicely with our portfolio. The prominent position of the property was a big selling point as well as having a superb tenant such as Pattonair offering a great covenant strength.”