Hat-trick of deals sees Poplars Court sold out
THREE East Midlands property firms are celebrating following a hat-trick of deals at Poplars Court on Lenton Lane in Nottingham.
Innes England and FHP acted jointly on behalf of developer Sladen Estates to dispose of the sixteen unit office development, with the final sale completed last month.
The final units were disposed of after the firms secured deals with Encore Estate Management Boards Direct and a private investor, offering further signs that the commercial property market is improving.
Matt Sladen of Sladen Estates, said: “We have always had faith in the quality and appeal of the units and if it hadn’t been for the unprecedented economic times, there is no doubt we would have been celebrating the last of the last unit a lot sooner.
“I would like to thank Innes England and FHP for all the effort they have put in to get us to this point. They have shown a great dedication and have never stopped looking for new initiatives and marketing ideas to improve the level of interest and sales in the scheme.”
Poplars Court offered an excellent investment opportunity, but also allowed SMEs to acquire their own premises and invest in an improving property market.
Scott Osborne, associate director at Innes England’s Nottingham office, said: “It is always good to see local companies expanding and looking forwards. This has been a well demonstrated at Poplars Court where, over the last two years, we have secured a series of sales.
“Although the tram extension is not yet complete, these occupiers have had the vision to see that, once up and running, Poplars Court will benefits from further locational advantages.”
James Hartley at FHP added: “It has been a real pleasure working with Matt and everyone else at Sladen Estates. They have been responsive to so many of our ideas and initiatives and I am pleased to see that they have now paid off and the scheme is sold out.
“We have only got two units left for let on the market now within the development, which are on behalf of private investors who have purchased the offices for a long term investment.
“These are already proving popular with good levels of demand being shown. The development looks set to benefit from being set by the new NET tram line, giving excellent access to the city centre.”