Sheffield office building sold

Office design news from Morgan Lovell

Published on 07-01-2011

An eight-storey Sheffield city centre office building has been sold to investment group Canada Life for £23.9 million from its former owner Standard Life Investments.

Number 1 St Paul's Place offers 88,000 sq ft of grade A office interior space and was built in 2005. It is presently let to three firms, law firm DLA Piper, as well as banking groups Barclays and Royal Bank of Scotland.

Senior surveyor in DTZ's investment team James Lawlor said: "The quality of the location, property, tenant line-up and surrounding public realm sets this asset apart from the rest of the Sheffield office market."

Elsewhere in the region, international professional services provider KPMG recently announced proposals to create a new UK base in Leeds.

The company has signed a nine-month agreement with Leeds City Council for exclusive rights to see whether a prospective development in the area would be suitable for a new office for the firm.

Posted by Ian Johnson