CLS Holdings has acquired three offices across London and the South East from Aviva Investors for £59.71m.
The portfolio includes the 46,995 sq ft 1 Church Road in Richmond, the 41,036s q ft Priory Place in Chelmsford, and the 30,759 sq ft Kings Court in Leatherhead.
The portfolio is 94% let and delivers £3.7m net rent per annum, reflecting a net initial yield of 5.9%.
CLS chief executive Fredrik Widlund said: “We have remained disciplined in our approach to acquisitions and the strength of these assets, combined with our long-term conviction in the UK market, makes this an exciting addition to our portfolio.”
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
