Insurance broker Balens has acquired a new office in to accommodate its planned expansion.
The company has bought the building formerly used by JobCentre Plus in Malvern town centre from a guide price of £600,000 and will relocate from Nimrod House.
Family-owned Balens was founded in 1950 and is a specialist insurance broker for health, well-being and not-for-profit organisations and is doubling its office space to 7,000 sq ft with the move.
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Property consultancy GJS Dillon sold the offices to Balens on behalf of landlords Stanton Properties.
Toby Fellows, of GJS Dillon, said: "We had a lot of interest in this well-located office building, including from property development companies. As a result of this the premises sold for significantly above the guide price."
In a separate deal, property development company Rosconn Group has acquired a 2,085 sq ft office building at 1 Grove Road, in Stratford, off a guide price of £365,000.
It was once the headquarters of printing business Stratford Repro and Rosconn will now sub-let some of the space following the move from Union Street in Stratford.
Managing director Daniel O'Donnell said the firm was expecting to create about 10 jobs as a result of the move.
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The building was being marketed by Birmingham-based consultancy
Partner Graham Carter said: "It is a prime spot and we were very pleased to agree the sale to Rosconn Group."
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