Derwent House, Sheffield

Published 1st June 2016

Derwent House, Sheffield

Property-Modern, multi-let city centre offices
Floor Area-65,000 sq ft 
Purchase Price-c.£8.7m 
Claymore Role-Acquisition & asset management

 

Claymore has acquired this prime city centre asset for instituional clients. Derwent House is a modern 65,000 sq ft office property in an excellent location immeditaly adjacent to the St Paul's development incuding a convenient Q-Park and Mercure hotel.  Claymore will implement an extensive refurbishment of the property including a new reception and cycle park facility together with Grade A fit out of around 40,000 sq ft vacant office space.

The property was acquired at a price equivalent to a capital value of only £140/sq ft.

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