Singaporean fund buys DWP-let office portfolio for £280m

Hanley, stoke on trent

Singaporean investor Elite Partners Capital has completed a £280m deal to buy Telereal Trillium’s Hayhill Portfolio, which comprises 98 regional offices let to the Department for Work and Pensions (DWP), Property Week can reveal.

The deal, which was signed this afternoon, reflects a net initial yield of 7.81%, and is the first investment in the UK by Elite.

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