Major Nottingham offices sold in £7m deal

The offices on Park Row

A major office complex in Nottingham city centre has been sold in a £7m deal.

BizSpace, the flexible workspace provider, has bought 31-35 Park Row, which includes three buildings totalling 52,600 sq ft.

BizSpace says it has bought the three buildings with a view to an immediate £1.8m refurbishment of 35 Park Row, which is currently vacant. The remaining two buildings are currently occupied by Lloyds Bank and KPMG, which the firm says may be refurbished once the existing leases expire at the end of 2021 and 2022 respectively.

Emma Long, commercial director at BizSpace said: “Our acquisition of Nottingham Park Row reflects our expanding business and the increasing demand we’re seeing for high-quality, flexible office space in the regions. With more people going freelance or setting up their own businesses, Nottingham is becoming an increasingly attractive hub for start-ups and, with around 3 million people living within an hour’s drive and our two other centres here already full, we anticipate strong take-up when we open early next year.”

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