Office complex owner invests in refurb

The owner of Cardinal Square has started refurbishing a wing of the Derby office complex after securing a major deal with a new tenant.

Last year, commercial property agent FHP Property Consultants announced that Inertia Consulting had agreed to take 7,000 sq ft at the complex, which is owned by Nurton Developments.

The refurbished suite will provide open plan high-quality office accommodation, with air conditioning, fibre internet, LED lighting and full height glazing.

The letting to Inertia represented one of the largest office lettings in Derby last year, which has consequently given the building’s owners the confidence to refurbish the suite.

Corbin Archer, from FHP Property Consultants, said: “The refurbishment works of this suite are set to complete within six weeks and will offer Grade A office accommodation to suit the modern occupiers.

“Off the back of the deal achieved last year, this investment shows Nurton’s confidence in the building and in the market as they are speculatively refurbishing the suite.

“We are already in discussions with a number of interested parties as there is a short supply of refurbished office suites across Derby particularly over 5,000 sq ft.”