Abstract’s Florence Building in Basingstoke fully let and sold to L&G for £29m

Abstract's Florence Building, Basing View

Abstract Securities has let The Florence Building in Basingstoke to Sovereign Housing Association and then sold the office block to Legal & General.

Sovereign has signed up for the entire 61,415 sq ft of office space on a 20-year lease at around £28.50/sq ft.

LGIM Real Assets has subsequently bought the building on behalf of its Limited Price Inflation income property fund for around £29m.

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