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Praxis earns their Royalties at Kingsgate

By November 2022 Transactions

ACRE Capital have advised Aegon Asset Management on the disposal of Kingsgate, Redhill.

Kingsgate is a striking office completed in 2008 and multi-let to 9 tenants with a base rent of £28.50 per sq ft and a low average rent of £23.50 per sq ft (Vs prime Grade A Redhill office rent of £31.50 per sq ft).

Location: Redhill
Property Type: Office
Transaction Type: Disposal
Client: Aegon Asset Management