Pardeep Khela, Associate in Schofield Sweeney’s Commercial Property team has advised the Bramall Group on a multi-million pound investment acquisition.
The obtainment of Nidderdale House in Harrogate for over £4million from Kames Capital marks substantial growth for the group as well as strengthening its future plans.
Jonathan Duck, Property Manager, Bramall Properties Limited said: “We are pleased to acquire Nidderdale House and it represents a strong investment for the Bramall Group. The financial strength of the tenant together with the desirable location of the site ensures this will provide good returns. The support provided by Schofield Sweeney and our surveyors, Colliers International, has been excellent and we look forward to working with them in the future”.
Nidderdale House is located within a prestigious Harrogate business park and comprises a 25,000 st ft grade A office building together with a sizeable neighbouring warehouse. The entire site is occupied by Arrow Computing which is a global IT infrastructure and business consulting enterprise.
“We are delighted to have assisted the Bramall Group with their latest purchase. Due to an internal re-organisation on the part of the seller, the transaction was completed under a very strict timetable and involved calling upon our property and construction expertise. The sheer number of documents together with the practical and legal issues we faced made the transaction both challenging and extremely rewarding.” (Pardeep Khela, Associate)
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