JLL brokers major transaction in the British Midlands

Jones Lang LaSalle has acted for Capital One Bank which sold Loxley House on Station Street in Nottingham to Nottingham City Council for £22.5 mln (EUR 25.1 mln).

This was one of the largest occupier deals in the UK in 2009 and one of the largest deal in the Midlands this year after SEB's acquisition of an office building in Birmingham in December for EUR 35 mln.

Nottingham City Council purchased Loxley House, a Grade A office building totalling almost 20,000 m2, as its new headquarters and will move its 2,000 employees into the premises.

Capital One will continue to house its UK headquarters in Nottingham, in its newly refurbished Trent House building.

Click on the link below to read: 'SEB purchases office building in Birmingham for EUR 35m'