Property Week - December 8, 2003
Drake House and Swan House, Homestead Road, comprising two office buildings and 245 car spaces, were sold to private property company Zamora at a net initial yield of 7.55%. The properties total 70,322 sq ft (6,533 sq m). Drake House has just been let to BACS on a new 20-year lease, following the departure of Daewoo, the ill-fated car manufacturer, in 2002. Swan House is being let to Comet Group on a 25-year lease. The total annual income amounts to Pounds 1.46m. CBRE acted for Brixton on the sale and Zamora was advised by DTZ. Brixton also recently sold long leasehold interest at Nuffield Way Industrial Estate in Abingdon, Oxfordshire, to ING Property Income Fund for Pounds 17m.
Sphere: Related Content
Wednesday, December 10, 2003
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment