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Premium price obtained for Admiral House

By February 2024 Transactions

ACRE Capital have sold Admiral House in Newport to the tenant, Admiral, on behalf of W.P. Carey.

The property totals 82,844 sq ft and is the principal office in Newport located adjacent to the station within a mixed-use 2014 development. It is let to Admiral with 6.6 years to break and benefits from index-linked reviews (5-yearly CPI linked reviews subject to a cap and collar of 2% and 4% per annum).

Location: Newport
Property Type: Office
Transaction Type: Disposal
Client: W.P. Carey