Aerium and NorthStar Realty Europe have sold the Dukes Court office complex in Woking to Woking Borough Council for £72.35m.
The joint venture partners bought the 224,000 sq ft site in 2014 for £61.5m and carried out extensive asset management, bringing it to full occupancy before selling it.
They also achieved 13% rental growth during their three-year ownership period.
Tenants include HMRC, Kuwait Petroleum and Fidessa Group.
Robin Carr, co-chief investment officer at Aerium, said: “Having now delivered on our intended asset management strategy for Dukes Court we were pleased to bring it to market in prime condition with a strong tenant line-up and look forward to seeing the property continue to prosper as Woking Borough Council leads it through the next phase of growth.”
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