Corum XL fund buys Irwin Mitchell's headquarters

Irwin Mitchell Riverside East - Sheffield

Real estate investment adviser 90 North and Saudi Arabia-based Sidra Capital have sold law firm Irwin Mitchell’s headquarters to Corum XL Fund for £24.65m.

Riverside East in Sheffield provides 119,000 sq ft of office space across a ground and six upper floors and walking distance of Sheffield City centre.

Irwin Mitchell has 700 staff based at the property which was originally acquired in January 2016. The sale price represents a net initial yield of 6.32%.

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