Warwickshire Office Property Sold for ┬ú8.9m
Property development firm Highcross has sold a 39,000 sq ft office property in Rugby, Warwickshire, for a reported ┬ú8.9m. The building was the largest unit at the company’s iQuarter development at Central Park.
As part of the sale to new owners Henderson Global Investors, the agreement includes the existing tenancy of Airwave Solutions, who signed a 25-year lease for the office space in 2007.
Aside from this 39,000 sq ft office unit, the iQuarter development also includes thirteen units for industrial and warehouse use, a 25,000 sq ft office building, and eight smaller terraced office units.
Speaking to Property Week, Highcross commercial development director Chris Mills said:
ΓÇ£This significant investment deal reflects the quality of the occupier, the development and the location, right by junction 1 of the M6.ΓÇ¥