ACRE Capital have advised Corum Asset Management on the off-market acquisition of Doosan & Park House, Crawley for a price of £30,337,000, reflecting an attractive net initial yield of 7.00% and a capital value of only £261 per sq ft.
The asset is let to Doosan Power Systems SA (with a parent guarantee from Doosan Heavy Industries & Construction) for 12-years term without breaks, benefiting from RPI-linked rent reviews.
Property Type: Office
Transaction Type: Acquisition
Client: Corum Asset Management