Legal & General Property (LGP) has purchased a magistrates court in the central UK town of Loughborough from a private investor for over 拢19 mln (鈧�22 mln).
Legal & General Property (LGP) has purchased a magistrates court in the central UK town of Loughborough from a private investor for over 拢19 mln (鈧�22 mln).
Loughborough Magistrates Court comprises a purpose-built court complex totalling 40,000 sq ft (3,700 m2) and is arranged over ground, first and second floors.
It is let to The Secretary of State for Communities and Local Government on a 35-year lease from December 2007, with less than 30 years remaining.
Built in 2006-7, the building achieved a BREEAM rating of 'Excellent' on completion of construction.
Colliers advised Legal & General Property and Cushman & Wakefield represented the vendor.
