Maple Grove Developments has pre-sold its 32,000 sq ft (2,973 m²) office building at Blackburn Cathedral Quarter to Legal & General Property for £9.1m reflecting a yield of 4.6%, a record for the Town.
The office building, One Cathedral Square, is let to Blackburn with Darwen Borough Council on a 25-year head lease.
The council will not take occupation directly, instead they will let the Offices to businesses looking for Grade A Office space to meet their occupational requirements. Agents for the development are Knight Frank and Trevor Dawson and Co. (more…)