Mayfair Capital Investment Management has acquired two office properties in Watford and Brentwood from Boultbee Brooks Real Estate for £34m on behalf of its Property Income Trust for Charities (PITCH).
In Watford, it has acquired 36 Clarendon Road, a new office let to Salmon, a subsidiary of WPP, for 15 years with a tenant break at nine for £14.5m, reflecting a yield of 5.5%
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