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A 20% premium secured for CBRE Global Investors

By July 2017 Transactions

ACRE Capital secure a 20% premium for CBRE Global Investors

ACRE Capital Real Estate acting on behalf of CBRE Global Investors have advised on the investment disposal of this Birmingham courtyard office investment. The property was sold to Blend Property UK for 6,750,000, reflecting a 6.63% NIY / 146 capital value per sq ft.

The property comprises 4 courtyard offices totalling 46,153 sq ft. They are let in their entirety to NHS Property Services Ltd for a term of 9.5 years to expiry and 4.5 years to break. Produces a rental income of 477,228 per annum, reflecting 10.34 per sq ft.

Location: St. Chads Court, Birmingham
Property Type: Office
Transaction Type: Disposal
Client: CBRE Global Investors