The Charles Street Buildings Group has bought the HQ of Centrica’s GB Gas Holdings, on Oxford business park, for £29.1m.
The price paid for the 81,470 sq ft building to Goodman reflects a 5.95% net initial yield.
Goodman put the Frank Shaw Architects-designed property up for sale in February.
GB Gas Holdings has a 17-year lease, which commenced in October 2012, for the asset. There is a tenant’s option to break in 2027.
Jim Johnston, managing director of Goodman UK Business and Science Parks, said: “The sale of Centrica’s Oxford headquarters comes in response to significant investor interest in the building, and a lack of quality assets available in the current market.”
Strutt & Parker advised Goodman; Jones Lang LaSalle represented the Leicester-based buyer.
joanna.bourke@estatesgazette.com
