Electra House changes hands

PAGG Properties, run by Pochin’s former property director Brian Reay, has acquired a 21,000 sq ft office building in Crewe from Pochin’s.

Located on Electra Way in Crewe Business Park, Electra House comprises a two storey self-contained building offering accommodation on three wings. Working in a joint venture with the Council and Business Link, Pochin’s developed the scheme in the late 1980s before acquiring the scheme outright.

Legat Owen acted on behalf of Pochin’s and is to be retained by PAGG Properties as sole letting and managing agent.

The building is currently fully let to occupiers including Medtrade Products and Block Solutions.

Reay commented: “I have maintained a close working relationship with Pochin’s and am pleased to acquired Electra House off market. The building was developed to act as a seedbed for businesses and it has been highly successful in that regard.

“I dealt with Electra House during my time as director at Pochin’s. Since my retirement, I’m now concentrating on my own property portfolio within PAGG Properties and believe Electra House is an excellent addition.”

PAGG Properties was unrepresented.

The building was bought for an undisclosed sum.