Fine paper merchant PaperlinX has completed £25m of sale and leaseback deals on three of its properties as part of its pan-European strategy.
It has sold Huntsman House on Moulton Park, Northampton, to a private investor for £21.2m, at a net initial yield of 7.2%. The lease-back term is for 25 years.
It has also sold Huntsman House to CBRE Investors on Evelyn Street, Rotherhithe, for £4.5m.
Negotiations are ongoing regarding the rest of the sale and leaseback portfolio across six other European countries.
CB Richard Ellis advised PaperlinX. SG Commercial acted for the private investors and CBRE Investors was unrepresented.