Via Insider News East Midlands:

A car retailer has moved into new offices at Grove Park in Leicester in what is thought to be one of the largest office lettings at the site in the past 12 months.

Sytner Group has taken 16,174 sq ft at Grove Park after it was vacated by HSBC.

The deal was led by Brodie Faint, associate at Phillips Sutton, on behalf of client CCLA. Joint agent on the letting was David Edwards at Fiducia.

Faint said: “Sytner were the first company to approach us and successfully agree a deal before competition from other interested parties.

“The deal represents one of the largest office lettings at Grove Park over the past 12 months and continues to show that there strong demand for good quality out of town office accommodation in Leicester. It’s a great result for our client and the Sytner Group and we wish them all the best in their new premises.”

Acting jointly with TDBRE, Phillips Sutton have disposed of 4 acres of land in Kibworth for industrial and office development.

Client Testimonial

“Phillips Sutton were recommended to us by another property agent we knew. Sam and his team’s advice was thorough and always delivered promptly, without having to chase. Not only did the valuation exceed our expectations but the realisation in less than a month of that valuation was very well received. Sam continued to offer us sound advice during the sales process and we would certainly use him again should the need arise.”


Tony Liddar, OC Property

On behalf of Industrial Property Investment Fund (IPIF)

4,718 sq ft let to Precision Sports and Workwear Ltd  and 5,487 sq ft let to Orchard Windows

Phillips Sutton has been instructed to market 3 Penman Way on Grove Park, Leicester.   The 16,714 sq ft office will be vacated by HSBC at the end of July, following which the Landlord will undertake a full refurbishment to Grade A specification.

For further details and information contact Brodie Faint or Sam Sutton