ACRE Capital go off market to achieve sub 6.00% yield.
ACRE Capital Real Estate acting on behalf of TH Real Estate/ Berwick Hill Properties have advised on the investment disposal of Columbia, Bracknell. The property was sold in an off market deal for 14,700,000, reflecting a 5.65% NIY/ 273 capital value per sq ft.
Columbia comprises a refurbished office totalling 53,590 sq ft. It is multi-let to 10 tenants for a term of 3.9 years to expiry and 3.1 years to break. Produces a rental income of 886,824 per annum, reflecting 23.50 per sq ft.
Location: Columbia, Station Road
Property Type: Office
Transaction Type: Acquisition
Client: Nuveen Real Estate / Berwick Hill Properties