Finnegan’s deals boost confidence in property investment

Le Bistrot Pierre, Ecclesall Road, Sheffield.
Le Bistrot Pierre, Ecclesall Road, Sheffield.
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CONFIDENCE could be growing again in Sheffield’s property investment market after J F Finnegan sold two significant developments to pension funds.

Finnegan has sold 835 Ecclesall Road – a mixed use development on the site of a former car dealer, close to its head office.

Tenants of the development include restaurant chain Bistrot Pierre, an Aga store, dental practice and hairdressers.

The company has separately sold Site 3 within its predominantly industrial Parkway One Business Centre development, which is occupied by a healthcare outsourcing business.

The sums paid for the two developments have not been disclosed.

International law firm DLA Piper’s Sheffield office acted for Finnegan on both sales.

Office head of real estate, Nigel Howard, said: “The fact that the two disposals completed in such quick succession is representative of a increased investor confidence and improving local market conditions.”

Phil Hollister of J F Finnegan added: “It is very pleasing to see both these sales complete in such a short period of time.”