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British Gas’s regional headquarters in Leicester has been put on the market.
CBRE has been instructed to sell the 89,230 sq ft office building on behalf of an institutional investor for offers in excess of £14.635m.
British Gas has occupied the building, called Spinneyside, since it was built in 2004. The company has just signed a new 10-year lease on the entire property until September 2034.
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Located on Grove Park, Spinneyside includes office space, over three floors. The building has recently undergone improvement and refurbishment works.
Oliver Forster, senior director in CBRE’s investment properties team in the Midlands, said: “Spinneyside offers an opportunity to secure an investment let to an excellent covenant on one
link source - The Business Desk