LaSalle Investment Management has completed the sale of Hyde Park Hayes business park to Melford Special Situations LP.
The 10-acre, mixed-use business park, which is 3.5 miles north of Heathrow, was sold for £30.1m, reflecting a yield of around 8.2%. The asset had recently been refurbished.
Gary Player, LIM’s head of business space, said: “We brought the property to market in March 2011, and attracted strong interest from a wide range of institutional and value-added funds. The sale shows that there remains significant demand for the right type of office property in the South East.”
Jones Lang LaSalle acted on behalf of LIM.
joanna.bourke@estatesgazette.com
