Grade A Offices Sold at Pioneer Park
SDS Securities Limited have recently sold no.2 Exploration Drive to the Meason Group. APB, together with their joint agents, Lambert Smith Hampton and Innes England, represented the Vendor.
Exploration Drive was Leicester’s newest Grade A office building, which was completed in 2014. The building fronts directly onto Abbey Lane and opposite the newly constructed ASDA Superstore.
The building totals 12,565 sq.ft of modern open plan office accommodation, benefitting from raised access floors, comfort cooling, and parking for 57 cars. The building was constructed to a BREEAM rating of Very Good and has proved to be somewhat of a landmark building on one of the main arterial routes into the City centre.
Reg Pollock of APB commented “The restrictive planning provision in respect of this property for Research & Development use represented somewhat of a greater challenge. Nevertheless, working with our joint agents we were able to promote the high level of specification, good quality design and layout in respect of the premises which generated a healthy level of interest and eventually resulted in a very pleasing sale to the Meason Group.”
Reg also added “The sale of this Grade A office accommodation clearly demonstrates growing confidence in Leicester’s office market and how the City rivals its neighbouring counterparts as a quality office destination”.
APB (Leicester) LLP are one of the East Midlands leading independent commercial property consultants. They provide a full range of property services from agency, development, management and professional work for local, regional and national clients within both the private and public sectors. APB is able to offer a wealth of knowledge on all commercial property matters and should you require any assistance please feel free to contact us on 0116 254 0382.