Protego Real Estate acquires Bristol office building

Protego Real Estate Investors has paid £4.3m for the 25,000 sq ft Royal London Buildings, Baldwin Street, Bristol, for its Protego UK Property Fund. The six storey multi-let office building was acquired from Marchday Group, representing a net initial yield of 7%. Tenants including Hays, DEGW plc and Progressive Computer Recruitment generate an annual rental of £313,683. Of two vacant suites, one is under offer. Colliers acted for Protego and King Sturge and BCM for vendor.