BNF Capital, with Morgan Capital, has bought the 174,387 sq ft Programme office development in Bristol fro £36.5m.
The property, which is let to tenants including Immersive Labs, Cegedim, NMI, Xmos, Sweco, Open Bionics, Buckley Gray Yeoman and Spaces, has been bought from Resolution.
BNF’s Colin Opp said the deal marked its first acquisition in Bristol.
“This is an important purchase as it shows our continued commitment to buildings with excellent fundamentals, in core locations, that can deliver long term value,” added Morgan Capital’s Ken Edwards. “We look forward to continuing the transition of Programme into one of Bristol’s finest and most sustainable office buildings.”
Savills advised Resolution on the sale; Mackenzie Real Estate acted for BNF and Morgan Capital.
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