Capital Shopping Centres’ Chelmsford Property Investments has sold Parkview House in Chelmsford, Essex, to Hermes Property Unit Trust for £9.9m, reflecting a yield of 8%.
Royal & Sun Alliance occupies 40,300 sq ft on a lease which expires in 2016. HP
Four advised CSC; King Sturge acted for Hermes.
The mixed-use scheme is expected to support 2,500 jobs once complete
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
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