Aberdeen Asset Management has bought Kia Motors’ UK headquarters in Walton-on-Thames, Surrey.
It paid the Capital Trust Group £16.3m for the Walton Green property, reflecting a 5.25% yield.
The 30,970 sq ft building is let to Kia Motors at £906,000pa for a further 13 years.
Finola Reynolds, director at of the Capital Trust Group said: “A sale at this level demonstrates the strength of this asset and has provided our investors with an excellent level of return in a relatively short period.”
Knight Frank represented the vendor; BNP Paribas Real Estate advised the buyer.
