ACRE Capital have advised a leading Middle East Investment Manager on the purchase of Union, Stockley Park. The recently refurbished headquarters office building extends to 73,400 sq ft. It is multi let to three tenants with asset management opportunities in the short term.
The vendor quoted £21.7m reflecting 9.5% NIY. The purchase was finalised at a discount to the original quoting price.
Location: Stockley Park
Property Type: Office
Transaction Type: Acquisition
Client: Prominent Middle East Investment Manager
