Private investor snaps up city offices
A private investor has acquired a detached three-storey office building in Sheffield.
St Mary’s Court, which is south of the city centre, covers 14,609 sq ft. Tribal Education Ltd occupies the first and second floors of the property.
The sale was arranged by real estate specialist Commercial Property Partners (CPP), along with the sale of another office building in Ilkleston, Derbyshire – Mercian Close – which was was acquired by the same buyer.
CPP director, Robin Bullas, said he was pleased with the completion of these sales, particularly given the current market conditions.
Bullas added: “We’re happy to have completed on two significant regional office sales given the current market conditions.
“These types of deals are indicative of a stronger 2024 as the sector continues its recovery with more firms now making provisions for staff to return to the office in larger numbers alongside hybrid working practices and more investors now starting to reinvest into regional offices.”
