Mayfair Capital shops for City office and Co-op stores

  Commercial property manager Mayfair Capital Investment Management has acquired an office building in the City of London and two convenience stores.    Its Mayfair Capital Property Unit Trust has bought the long leasehold interest in 2-4 Eastcheap, London, EC3, for £9.5m from Helical Bar. The fully let 18,700 sq ft building provides an income of £604,000 pa from temants including NatWest Bank for a further 16 years. The purchase price reflects a 6% yield.    Mayfair Capital PUT was advised by Lambert Smith Hampton; Ingleby Trice acted for Helical Bar.    The acquisition is the third for Mayfair Capital PUT, having also bought two Co-op convenience stores in Derby and Newcastle, let on long leases with fixed rental increases, for £5m, reflecting a yield of 5.7%.    Knight Frank and Barber Wadlow advised on the Co-op purchases.    Mayfair Capital PUT was launched in June 2010 having raised in excess of £100m of institutional equity to invest in property across the UK.   james.buckley@estatesgazette.com   To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.