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ACRE Capital navigate the Rivers for Nuveen Real Estate

By July 2017 Transactions

ACRE Capital navigate the Rivers for TH Real Estate

ACRE Capital Real Estate acting on behalf of TH Real Estate have advised on the investment disposal of The Rivers Office Park, Rickmansworth. The office campus was sold to Darin Partners c/o a Middle East Family Office for 33,500,000, reflecting a 6.58% NIY / 322 capital value per sq ft.

The property comprises 3 headquarter offices and an amenity centre totalling 104,181 sq ft. They are multi-let to 3 tenants for a term of 6.9 years to break and 14.2 years to expiry.

Produces a rental income of 2,354,861 per annum, reflecting 23.60 per sq ft.

Location: The Rivers, Rickmansworth
Property Type: Office
Transaction Type: Disposal
Client: Nuveen Real Estate