As the investment market continues to go from strength to strength BB&J Commercial are delighted to confirm the sale of the office investment at 1 Pride Park View on behalf of a retained client.
The property comprises a modern office building located in a prominent position on Pride Park and being let to Pattonair (Derby) Limited. Pattonair are the leading global aerospace and defence supply chain service provider, with nearly half a century of experience in the industry and have been in the property since 2018.
The sale was orchestrated by Graham Bancroft, Partner at BB&J Commercial who said “The property is situated in what many would consider to be the best and most prominent position on Pride Park overlooking the stadium and Derby Arena. The location of the building coupled with the fact that it is let to a very strong global business such as Pattonair (Derby) Limited made this an enticing investment opportunity and whilst there were the usual ups and downs through the legal process all parties worked together sensibly to get the deal over the line.”
Scott Bailey of the purchasing company Derbyshire Investments Limited said “We are delighted with the purchase of 1 Pride Park View which fits in nicely with our portfolio. The prominent position of the property was a big selling point as well as having a superb tenant such as Pattonair offering a great covenant strength.”