Ekistics Property Advisors has acquired the 76,460 sq ft 3 St Paul’s Place office building in Sheffield from M&G Real Estate for £16.8m.
The nine-storey, Grade A office building is located adjacent to the ‘Heart of the City’ development in Sheffield city centre and aside from half a floor, 3 St Paul’s Place is fully let to a number of high-profile occupiers including BDP, Arup, Freeths and TES Global.
The acquisition forms part of a wider UK investment strategy for Ekistics, which works with adviser Till AM to seek best-in-class buildings across the UK.
Liam MacCarthy, director at Till AM, said: “As one of the best buildings in Sheffield with a strong tenant line-up, 3 St Paul’s Place stood out as an excellent investment opportunity. We will be looking to make further upgrades to the building in due course.”
Cushman & Wakefield acted for M&G.
