ACRE Capital have advised Abrdn on the sale of Origin 1 & 2, Crawley to Regional REIT for a price of £12,500,000.
Origin 1 & 2 comprise of 2 prime, modern, Grade-A, multi-let offices totalling 47,984 sq ft. The properties are situated immediately adjacent to each other on an expansive corner site of 1.9 acres. The property was fully-let to 7 tenants with an overall WAULT of 2.9 years to breaks and 4.5 years to expiry. The passing rent totalled £1,115,978 per annum, reflecting £23.86 per sq ft.
Property Type: Office
Transaction Type: Disposal