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News - Manny Pham
July 9, 2019
The call centre has a workforce of 1,200 employees
A Vodafone call centre in Stoke-on-Trent has been bought in a multi-million pound deal.
The 80,855 square-foot building was bought for £11.8 million by Corum Asset Management. The unit is based on the mixed-use business and retail park Festival Park. It includes 435 on-site parking spaces.
The deal was overseen by Avision Young’s investment team according to a report from Insider Media.
Vodafone, which has a workforce of 1,200, recently removed its break option, which means the unit remains let for a further ten years. Vodafone confirmed it has no plans to vacate.
Avison Young investment director Adam Wildig said: “We are very pleased to have completed the acquisition of the unit on behalf of our client. The property is in a well-established location and is let to a very strong covenant, so it represents an excellent investment for Corum.”
