A Japanese investor has bought Crest Nicholson’s Surrey headquarters from Legal & General Property.
The investor – which is believed to be Tecmo Koei Europe, the European subsidiary of games manufacturer Tecmo Koei Holdings – paid £8.4m, a 6.18% yield, for 23,000 sq ft Crest House on Pycroft Road, Chertsey.
It is let entirety to Crest Nicholson until May 2023 at a current rent of £550 pa.
Knight Frank acted for the vendor; Savills advised the buyer.
joanna.bourke@estatesgazette.com
