Congratulations to our long standing client Durham Group on the sale of Bede House. The Federation of Independent Retailers (the Fed) has acquired the 2 storey, 26,000 sq ft property in an off-market transaction.
Having been based in London for over 100 years, the Fed relocated to Bede House in 2020. Durham Group worked closely with the trade association throughout the relocation and the extensive refurbishment of the offices.
Commenting on the sale, Durham Group chairman Lord Wrigglesworth said: “The investment in Bede House and this disposal are exactly the type of projects we take great pleasure in delivering. Following our acquisition, we completed a significant investment in the building, improving its energy efficiency and layout to suit the modern-day office.”
Durham Group Chief Executive Gurpreet Singh Jagpal added: “We received an off-market approach from the Fed to purchase Bede House and are pleased that the association continues to invest heavily in the city following its relocation.”
Carter Towler has been retained to provide a full range of property management services.