Nottingham property consultancy FHP has acted for Commercial Estates Group in a deal which has brought a major business advisory firm to a new location close to East Midlands Airport.
PKF Cooper Parry is to open a new ‘super office’ in 25,000 sq ft of space at the Pegasus Business Park, Castle Donington, in a property formerly occupied by a subsidiary of the airline BMI.
It represents a major move for PKF Cooper Parry, with its 200 staff switching to the new strategic location from three different sites, bringing its teams together under one roof and enabling future growth. Work is now underway on a bespoke fit-out intended to provide its staff with an inspirational environment which reflects modern working practices.
PKF Cooper Parry is leasing its new headquarters from Commercial Estates Group (CEG), the national property investment and development company which has managed both this property and the adjacent trading estate since these properties were acquired as part of a national portfolio in January 2012.
John Proctor, who leads FHP’s office and industrial team, negotiated the letting on CEG’s behalf. He commented: “CEG recognised the strategic importance and strength of the East Midlands Airport as a business location when they originally acquired the property.
“From the outset it was planned that the property, which was originally built in the early 1990s, would be extensively refurbished to provide Grade A office space. Securing the interest of PKF Cooper Parry at such an early stage has enabled their specific requirements to be incorporated into the main refurbishment project.”
Antonia Martin-Wright, investment manager at CEG, said: “A letting of this size shows improved market sentiment – this is the third letting within 12 months since our involvement with the site which is testament to the quality of accommodation and attractiveness of the estate.”
