FORMER CARILLION HEADQUARTERS
SOLD
The former headquarters of collapsed construction and facilities management giant Carillion has been sold.
Private real estate fund Gupta Group has acquired the landmark Carillion House in Wolverhampton from a private investor for an undisclosed price.
The building in Salop Street was put up for sale in April with a price tag in excess of £3m.
Brothers Ankush and Arjun Gupta plan to refurbish the 38,000 sq ft space to provide office accommodation.
Gupta Group is a private family investment company originally founded more than 30 years.
Ankush Gupta said: "Our investment approach enables us to move quickly and we are delighted therefore to have been able to respond to the opportunity and secure this key asset.
"The acquisition of Carillion House is in line with our strategic investment initiatives."
Arjun Gupta added: "We are very pleased to be able to a maintain jobs and opportunities in the area, whilst adding a further key commercial investment to our growing property portfolio.
"This is a high yielding asset and at an attractive capital value, which is fundamental to our investment objectives."
Source: insider
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