Remedy for Long Income Requirement

By June 2020 Transactions

ACRE Capital, acting on behalf of LCN Capital Partners, have completed on the acquisition of Sapphire Court, Paradise Way, Walsgrave Triangle Business Park, Coventry, CV2 2TX from Harbert Management Corporation and XLB Property for a price of £22.2million.

Sapphire Court comprises of 2 prominently positioned, interconnecting HQ office buildings totalling 91,733 sq ft which are let in their entirety to pharmaceutical company AAH Limited. The buildings had recently been refurbished by the tenant at a total cost of £2.5 million.

Location: Coventry
Property Type: Office
Transaction Type: Acquisition
Client: LCN Capital Partners