HALLEY HOUSE TO MAKE NEW HOME

Office News

FHP Property Consultants are delighted to confirm the sale of Halley House on Hounds Gate in Nottingham City Centre.

The office has been sold to student residential developer Forshaw Developments who will be converting the 18,500ft² building into student accommodation.

James Hartley Associate Director at FHP Property Consultants commented:

“I am pleased to see this property coming back into use.  We have seen a number of transactions of this type in the last 12 months and it is becoming somewhat of a trend to see this type of City Centre office which arguably is no longer fit for office use being converted into student residential or private rented residential schemes.

The trend looks set to continue with a proactive planning team within Nottingham encouraging alternative uses for struggling offices.  We are also seeing what appears to be a more positive outlook on the property market which is leading to an increase in activity post summer holidays.  I do think that we will see the trend moving more towards private residential as opposed to students as this market is becoming more and more competitive for student living.”