US private equity firm Harbert has completed its purchase of Goodman’s nine-strong Project Emperor portfolio.
The purchase price of around £133m reflects a yield of roughly 8%.
Rental income on the portfolio is £11.2m pa and the average lease length is nine years.
The nine single-let buildings include offices on Leeds Valley Park and Glasgow Central Quay (pictured), plus properties in Oxford, Edinburgh and Hatfield.
Estates Gazette revealed in September that Goodman was marketing Project Emperor through Strutt & Parker, with an asking price of £130m.
Harbert was selected as preferred bidder in November.
