ACRE Capital have advised Nuveen on the sale of The Birchwood Building on The Office Park, Leatherhead, to Qualis Commercial. The property transacted for £13,670,000, reflecting a 6.28% NIY and a capital value of £391 per sq ft.
The property comprises of a newly refurbished office building of 34,939 sq ft, which is multi-let to Hyundai and Zoetis and benefitted at the point of sale from a WAULT of 11.9 years to expiry and 7.0 years to break.
Property Type: Office
Transaction Type: Disposal