Elmbridge Council acquires £17m mixed-use Weybridge portfolio

Weybridge

Brunswick Real Estate has sold a portfolio of properties in Weybridge to Elmbridge Borough Council for £17.1m, in the latest major local authority property investment this year.

In 2018 councils spent a total of £1.82bn on commercial property according exclusive data from Savills revealed by Property Week earlier this month. Elmbridge formed a key part of that spend having acquired Sandown Industrial Park in Esher from Milton Group in January 2018 and had 13 Investment properties within its portfolio valued at £74m in its latest annual results.

Its latest acquisition adding to that portfolio totals 37,351 sq ft and comprises a freehold estate of five residential, retail and office holdings around Church Street and High Street in Weybridge in Surrey.

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