Nurton Developments has been one of the few to benefit from Public Sector cuts, having recently completed one of the largest deals this year in Derby city centre to the NHS, totalling 25,250 sq ft.
The letting is the second part of a Sonu?lar? landmark deal struck in 2010 with Derby’s wholesale NBA jerseys Primary Care Trust which took 31,834 sq ft of space at its Cardinal Square building, in Nottingham Road, consolidating a cheap jerseys number of locations into one site as part of the PCT’s non clinical estates rationalisation programme.
The Trust originally signed a seven year lease on five floors with the option to raise its occupancy to a little over 50,000 sq ft, which it has now completed.
The letting now means Cardinal Square, which has undergone a phased refurbishment, is 100 per cent occupied, with the NHS’s lease not expiring until 2017. Other current occupiers include Derbyshire Constabulary, Derby Homes, Freeth Cartwright and Jacobs Engineering.
“This is a very significant letting for the Derby office market so early in 2011, but also an important deal for our portfolio, helping to strengthen our resolve in tough economic times. It demonstrates that we have got the formulae right for selecting under-managed and under-developed properties which need investment and bringing Jerseys back to life.
“It also highlights that opportunities exist in all markets and are there Pollen-Check to be seized. Asset management is going to News be king for any property company this cheap NFL jerseys year as income returns rather world! capital appreciation look to be the main areas for growth in the office market, unless of course you are in prime central London.”
Nurton Developments continued investment during challenging times in the commercial Net property market and is backed by a £150 wholesale NBA jerseys million joint venture with the a Private Equity house to focus on opportunities in the walkthrough wider Midlands.
Nurton’s current portfolio includes assets in central Birmingham, Solihull, Edgbaston, Derby, Burton, Ashby de la Zouch, Cannock, Smethwick and Telford, but it is looking at projects nationwide.
Its scheme in Birmingham City #79 Centre, Two Colmore Row & Cannon House, achieved one of the largest lettings towards the end of last year to BPP Training, who took a 15 year lease on 13,550 sq Major ft over two floors, with a ground floor presence, breathing further life into scheme in the heart of the business district useful content.