Off Market ‘Gold Medal’ purchase for Mayfair Capital

By February 2018 Transactions

Off Market ‘Gold Medal’ purchase for Mayfair Capital

ACRE Capital Real Estate acting on behalf of Swiss Life Asset Managers c/o Mayfair Capital have advised on the investment acquisition of the British Gas Building, Oxford Business Park. The property was purchased in an ‘off market’ deal for 35,000,000 reflecting a 4.90% NIY/ 430 capital value per sq ft.

The H.Q building totals 81,470 sq ft. It is let to GB Gas Holdings Ltd for a further 10 years. Produces a rental income of 1,833,075 per annum, reflecting only 22.50 per sq ft.

Location: British Gas HQ, Oxford
Property Type: Office
Transaction Type: Acquisition
Client: Mayair Capital