Pigeon acquires Chelmsford Grade A office asset in £7m deal

Pigeon has acquired Parkview House in Chelmsford city centre – a Grade A office building – for £7.1m.

The purchase marks Pigeon’s first office acquisition following the Covid pandemic showcasing a returning confidence to the commercial property market.

The building boasts an impressive roster of businesses in the financial and professional services sector. As a city centre asset it’s close to the railway station, shops and a park aswell as car parking facilities.

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.”