CLS Holdings has bought the Reflex office building on Cain Road in Bracknell for £21.7m – an 8% yield.
The fully let building comprises 103,400 sq ft of grade A office space that is fully let to four tenants paying a combined £1.8m pa in rent.
It is arranged over three floors and includes an on-site gym and café.
Honda Motors is the largest tenant in the building.
Sten Mortstedt, executive chairman of CLS Holdings, said: “Reflex provided an opportunity to invest in an area we have monitored closely for some time. We believe strongly in the prospects for well-let properties in the M3 and M4 corridors and we are well placed to benefit from them.”
