Thomas Vale offices sold in £1.3m deal
The former headquarters of a Worcestershire construction group has been sold in a £1.3m deal.
The deal for Lombard House and The Forum Building, Worcester Road, Stourport on Severn represents the largest office sale in Worcestershire for 18 months.
The 15,917 sq ft site is the former head office of Thomas Vale Construction, which has now been absorbed by its parent company Bouygues UK into its larger Midlands operation. The move involved the firm quitting its Stourport base and relocating to new offices in Birmingham city centre.
The sale was completed by Worcestershire commercial property consultancy GJS Dillon to a private investor.
The sale was secured within two weeks of GJS Dillon marketing the freehold office site and has moved quickly to completion.
John Dillon, managing director of GJS Dillon, said: “We are delighted to secure the largest freehold office transaction in Worcestershire in the past 18 months in less than two weeks, helping our client Bouygues UK with its plans to move its office staff into a centralised office in Birmingham. The quick sale shows the continuing strength of demand for modern purpose built offices in the county.
“Worcestershire has seen strong take up of office space in recent months with occupiers being encouraged by the county being one of the most productive economic areas in England, combined with a flexible workforce, key lifestyle factors and assistance from the LEP, county council and other public sector bodies. This take-up trend is set to continue well into 2017.”