Acting on behalf of Global Fire and Security Systems, FHP have sold the grade II listed building, Lenton Lodge, to the University of Nottingham who were represented by Tim Garratt of Innes England.
Located on Derby Road and backing on to the Jubilee Campus, the 3,430 sq ft Georgian premises owned by Nottingham City Council was sold on a long leasehold interest for 99 years from 1996.
The previous occupiers, Global Fire and Security Systems, moved in to the building in 2009 after it underwent an award winning restoration to use it as additional office space to their existing sites in NG2 Business Park.
The Global Group are one of Nottinghamshire’s fastest growing businesses, with a turnover of £32 million with 300+ employees.
The company was set up in 2000 by Ian Grantham and Stuart Beeley, and they have since worked on projects as diverse as Canary Wharf, Royal Household, Wembley Stadium, Houses of Parliament, Fenchurch Street “Walkie-Talkie” Building, The Shard, Bank of England, Twickenham Stadium, Crossrail Station, Travelodge and Harrods. It recently qualified within the ‘Top 1000 Companies Desirably Driving Britain’ for the London Stock Exchange, as well as previously reaching Fast Track 100 in the Sunday Times and Top 200 CBI High Growth Achievements. Over the next 4 to 5 years, Ian and Stuart have ambitious growth plans of £50 million plus.
Their former office is recognised as one Nottingham’s landmark buildings, previously being the gatehouse to Wollaton Hall. It sits within 1.032 acres of land and alongside being a prominent piece of architecture in the City, it boasts many unique features, including turrets, walls up to three feet thick and its iconic gate which is thought to have a mechanism that is the only one of its kind.
New occupiers, The University of Nottingham, also own the adjacent site and will continue to use this building as office space. The University is a key cog in both the local and UK economy, contributing £1.1bn to the UK every year and supporting 18,000 jobs, 92% of which are filled by staff living within the region, according to research from Oxford Economics.
Ian Grantham of Global Fire and Security Systems commented:
“We are delighted with the outcome secured for us by David Hargreaves of FHP and feel the sale to The University was an ideal solution for this outstanding piece of Nottingham’s heritage.”
David Hargreaves of FHP commented:
“This site was sold ‘off market’ to The University as part of their expansion of their Jubilee Campus. The acquisition of this site and the adjacent site now give the Jubilee Campus a frontage to the A52 Derby Road.”
FHP and Marchant Solicitors acted on behalf of Global Fire Security. Innes England and Freeths Solicitors acted on behalf of purchasers, The University of Nottingham.