Investor swoops for Passivhaus office in £1.2m deal

Commercial property investor Millfield Estates has bought an eco-friendly office building at 3 Rayns Way, Watermead Business Park, Leicester, in a £1.2m deal.

The 6,027 sq ft office brings Millfield Estates portfolio to 14 properties.

The property is a detached Passivhaus office building with an EPC rating of ‘A’. It features an open plan design, raised access floors and abundant natural light.

It also includes full air conditioning through ground and air source heat pumps; a mechanical ventilation heat recovery system and renewable energy sources. Roof-mounted solar panels and solar shading blinds further contribute to the exceptional EPC rating, highlighting Millfield Estates’ commitment to reducing its carbon footprint.

Paul Dobson, property director, Millfield Estates, said: “The acquisition of 3 Rayns Way is an exciting addition to our portfolio. This eco-friendly Passivhaus office building not only underscores our commitment to sustainable practices but is also a representation of what the future of the UK property market looks like, with ever-increasing importance placed on a property’s ESG credentials.

“As we align with the UK Government’s Net Zero Strategy ahead of the 2050 target, Millfield Estates accepts our responsibility as a UK business in this industry to make environmentally responsible investments to contribute to a greener and more resilient property landscape.”