Acquisition of block from Moorfield Group for £38m would reflect a 5.5% yield.
The institutional investor is on the verge of acquiring the 53,000 sq ft block from Moorfield Group, for a price that would reflect a 5.5% yield.
The sale of the five-storey grade-A office, which is managed by XLB Property, has been triggered by two new lettings at the building, which is now more than 70% let.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts