3 St Paul’s Place, Sheffield acquired for £16.8m
Ekistics Property Advisors has bought the 76,500 sq ft, nine-storey grade A office building located next to the Heart of the City development.
Bought from M&G Real Estate, Ekistics was advised by Till AM and M&G was advised by Cushman & Wakefield.
The building is fully let except for half a floor, to tenants including Freeths, Handelsbanken, BDP, Arup, TES Global and Ansys UK.
The acquisition is the company’s first in Sheffield, as it looks to widen its €497m European investment portfolio by investing in 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.”
Andrew Meikle at Cushman & Wakefield acted for the vendor.
