Pigeon Acquires Prime Office Building in Chelmsford for £7.1m

Pigeon is delighted to announce the acquisition of Parkview House, a Grade A office building in the heart of Chelmsford city centre, for £7.1m. This strategic purchase marks Pigeon’s first office acquisition in the post-Covid era, demonstrating confidence in the commercial property market.

Parkview House boasts an impressive roster of financial and professional service firms as tenants, confirming its status as a premier business address in Chelmsford. The property’s prime location near the Railway station, shops, and park, coupled with its excellent car parking ratio, makes it an attractive asset in the local office market.

Ben Guest, Director – Investment, at Pigeon comments: “We are thrilled to add Parkview House to our portfolio. This acquisition aligns perfectly with our strategy of investing in high-quality assets in strong locations. The limited Grade A office supply in Chelmsford, combined with the building’s reversionary potential and possible alternative use for residential conversion, made this a compelling opportunity.”

The transaction was facilitated by James Emans of Savills, who acted on behalf of Pigeon, Alastair Tyrell and Marcus Chuter of TT&G Partners represented the seller. Legal advice was provided by Freeths and Roythornes.

This acquisition underscores Pigeon’s commitment to identifying and capitalising on prime commercial real estate opportunities in key markets. The company looks forward to working with the existing tenants and to explore ways to further enhance the value of this prestigious property.

For further details, please contact Ben Guest b.guest@pigeon.co.uk