Palmer Capital has bought Skyways House in Speke, Liverpool for more than £30m.
The fund manager has bought the 194,000 sq ft headquarters of online shopping retailer Shopdirect for a Middle Eastern client in a sale-and-leaseback deal. The price reflects a yield of 7%. Shopdirect has signed a lease of more than 20 years.
Skyways is made up of three buildings – two offices of 115,000 sq ft and 70,000 sq ft and a 9,000 sq ft data centre.
Palmer is searching for more well-let opportunities in strong regional cities for the Middle Eastern client.
CBRE acted for Palmer. Cushman & Wakefield acted for Shopdirect.
Palmer Capital declined to comment.
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