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Commercial Property

Derbyshire marketing agency spends £450k buying building it previously rented

Purchase was originally planned two years ago, but the uncertainty caused by Covid-19 put it on the back burner

Matt Wheatcroft and Steve Hall at Purpose Media

A Derbyshire marketing agency has invested £450,000 buying offices it had previously rented.

Purpose Media has bought the property on The Village Business Park, in Maisies Way, South Normanton.

The business already owned unit 14 and had been leasing units 16 and 18 for the last four years.

It now owns 5,000 sq ft of space taking in collaborative workspaces, meeting rooms and recreational areas for staff.

The purchase was originally planned two years ago, but the uncertainty caused by Covid-19 put it on the back burner.

Managing director Matt Wheatcroft said business confidence, driven by the high demand for digital marketing expertise during, and since the pandemic, had enabled the deal to be resurrected at the end of 2021 and it finally completed this month.

Mr Wheatcroft said, “At a time when most businesses are downsizing office space we have invested in our future and in providing our staff and clients an attractive environment to meet and collaborate.

“Now that we own all the buildings, we plan to invest further by re-designing and fitting out the space to enable more hybrid styles of working and accommodate further growth in our team.”