Regional REIT has sold Turnford Place in Cheshunt, north London, for £17.3m at a net initial yield of 5.8%.
The 59,176 sq ft office block was bought by Regional REIT in December 2017 as part of the Newton portfolio valued at £14.3m and the sale price marks an uplift of 20.6%.
Regional REIT has also let 31,000 sq ft at 800 Aztec West in Bristol. The 73,000 sq ft office was bought in 2016 as part of the Rainbow portfolio and has been undergoing a £6.9m refurbishment.
Edvance SAS will take the space on a 10-year lease at a rent of £21.50 sq ft.
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