ACRE Capital have advised Sidra Capital on the acquisition of The Bower, Stockley Park, for a price of approximately £74 million. This reflects a NIY of 7.20% and a capital value of £490 per sq ft.
The property comprises 151,074 sq ft and is let to Canon Europe as its UK and EMEA headquarters, with 10 years to expiry and 5 years to break. The Bower has been comprehensively refurbished and boasts an EPC A and a BREEAM excellent rating.
Location: Stockley Park
Property Type: Office
Transaction Type: Acquisition
Client: Sidra Capital