A Midlands-based property company has completed the purchase of a prominent building in Worcester City Centre – and is planning further investment to upgrade the property.
EDG Property is the new owner of Marmion House, which is situated in a prime location in the city centre, on the corner of High Street and Copenhagen Street.
The High Street frontage is already home to retail specialists Joules and Moss Bros, whilst on Copenhagen Street is Keystones Cocktail Bar – known locally as one of the coolest venues in the city centre.
EDG plans works to reposition Marmion House by significantly improving several areas of the building, with investment in the entrance space, reception area, communal spaces and amenity zones.
The upper three floors of Marmion House are offices, let to tenants including GMP Recruitment, Big Helping, and Boulevard. There are currently three vacant office suites which EDG will be refurbishing prior to bringing to the market to let at the end of this calendar year, through appointed letting agents GJS Dillon.
Neil Edginton, director of EDG Property, said: “The building is already home to some highly regarded tenants. We plan to invest in improving the exterior and upper floor offices of Marmion House and to cement its place in the market as one of the best office buildings in Worcester City Centre.
“There is additional development potential to enhance the property and further diversify the uses, and we have already instructed architects to work on this.”
Andrew Lewis of GJS Dillon said “Marmion House is in a prime position in Worcester City Centre and with the refurbishment plans EDG has, we believe there will be strong tenant demand for the available space when we launch.
“We are immediately marketing a ground floor retail unit and will be bringing the offices to the market once the refurbishment works are completed in December.”
Marmion House adds to EDG’s growing investment portfolio, which includes recent acquisitions in Coventry, Weymouth and Dorchester.
The property was sold for an undisclosed sum and EDG Property was unrepresented. The seller was represented by Estates Office.
