GVA completes sale of Ashford House

GVA, the UK’s largest independent commercial property adviser, has completed the sale of Ashford House in Coventry on behalf of Scottish Widows Investment Partnership.

International professional services consultancy the Rhead Group purchased the recently refurbished 27,189 sq ft office building, which is located on the Walsgrave Triangle Business Park, just five miles from Coventry city centre.

Situated in a secure landscaped business park location just off Junction two of the M6, Ashford House provides excellent links to the motorway network and the site’s proximity to the neighbouring Walsgrave Retail Park offers a wide variety of amenities.

Adrian Griffiths, Associate at GVA’s Midlands office, said: “Ashford House represents an exceedingly attractive prospect for occupiers. The wealth of nearby amenities and extensive refurbishment has further enhanced the desirability of Ashford House and its position as a key office location in the region.”

The refurbishment by Scottish Widows Investment Partnership was completed in just six months, following the departure of the previous tenant in December 2011.

Tom Bromwich of chartered surveyor Bromwich Hardy, which acted on behalf of the Rhead Group, said: “Ashford House represents a unique combination of location, connectivity and proximity to Coventry city centre, all of which was extremely appealing to Rhead, who were keen to take occupancy as soon as possible. The quality of the refurbishment is outstanding and provides a space that enables immediate occupancy, which was a very attractive component of this sale.”

The Rhead Group joins other business occupiers at Walsgrave Triangle Business Park, including Barclays, Lloyds Pharmacy and Denso.