ACRE Capital secure a rare reversionary multi-let office for Columbia Threadneedle
ACRE Capital Real Estate acting on behalf of Columbia Threadneedle have advised on the investment acquisition of this multi-let town centre office.
The property comprises a Grade A town centre office totalling 18,250 sq ft benefiting from 5 self-contained suites ranging from 1,780 sq ft. to 4,348 sq ft. Hays House is multi-let to 5 tenants for a term of 9.1 years to expiry and 4.1 years to break. It produces a rental income of 520,034 per annum, reflecting a reversionary rent of 28.50 per sq ft.
Location: Hays House, Guildford
Property Type: Office
Transaction Type: Acquisition
Client: Columbia Threadneedle