CEG acquires business park asset

A trio of buildings at Callflex Business Park in Rotherham have been acquired by CEG on behalf of their investors for an undisclosed sum.

The detached office buildings which total 97,000 sq ft, are multi-let to Port@l, Telereal Trillium and Keepmoat generating a rental income of £766,346 a year.

Cushman & Wakefield acted for CEG while Knight Frank advised the vendor, Bourdon Park SARL.

Simon Marshall from Cushman & Wakefield’s investment agency team, said: “We were delighted to acquire this asset for CEG as they continue to source value add opportunities nationwide. Callflex Business Park benefits from solid underlying fundamentals, with a number of long-term tenants.”

Richard Brooke from Cushman & Wakefield added: “Callflex Business Park provides some of the best quality office accommodation within the locality and CEG have an excellent opportunity to further enhance the asset.”

Graham Foxton at Knight Frank Leeds advised the vendor.