Acting on behalf of Mutley Properties, FHP Property Consultants have recently concluded the sale of 4 Phoenix Business Park to the National Education Union, the largest education union in Europe, supporting and representing more than 450,000 members. The property has been acquired as an office and training function.
Mark Tomlinson of FHP Property Consultants, who acted on behalf of the sellers commented:
“Phoenix Business Park, which is located close to Junction 26 of the M1 motorway in Nottingham, remains one of Nottinghamshire’s best performing business parks given its connectivity to the motorway network and it’s accessibility via public transport, with the tram and park and ride services located on the park. The accessibility of 4 Phoenix Place was very important to NEU and I am delighted that we have now completed this deal.
The out of town office market in Nottinghamshire continues to perform well with high occupancy levels on many of Nottingham’s business parks following strong take up over the last few years. There is now close to full occupancy at Junction 26 of the M1 motorway following a string of transactions at Phoenix Business Park and Nottingham Business Park”.