Quasar Real Estate, part of Simon Storer’s Jolivet group, has recently secured the Driver and Vehicle Standards Agency as the latest occupier at Telford Court, Chestergates. Originally built by Gladman Developments, Jolivet acquired the 54,000 sq ft scheme in an off-market deal in 2016.
This latest letting of 2,000 sq ft follows on from a sale of 6,000 sq ft to SCNW Properties in mid December. Speaking about the 2 deals, Simon Storer said
Following our acquisition of the development, we have embarked on a programme of refurbishment and active management and are delighted to have secured vast majority of the existing occupiers and also welcome new occupiers to Telford Court.
The development proved of particular interest to DVSA due to the proximity of the premises to the M56 and the level of parking provided. SCNW Properties also had a long-standing requirement to purchase 6,000 sq ft and we were able to identify a property within the scheme that matched their requirements
Legat Owen and JPM Real Estate acted for Quasar and Cushman & Wakefield acted for DVSA. SCNW properties were unrepresented.
