Staines Flow acquired for £38 million

NFU Mutual has completed the acquisition of Flow, two adjoining 63,000 sq ft office buildings at the Causeway in Staines, from Rockspring Property Investment Managers acting on behalf of Cheshire Pension Fund. The price was £38m, reflecting a net initial yield of 5.2%.

The new development arranged as two buildings, was leased in December last year following the completion of a new link between the properties, on a 10 year lease in its entirety to VM Ware at a rent of £2,087,877 pa equating to £33 psf allowing a half rent on the reception space.

Hanover Green advised NFU Mutual on the acquisition.

 

Contact us

Hanover Green LLP
Sackville House
40 Piccadilly
London W1J 0DR

T: +44 (0) 20 3130 6400
E: sholmes@hanovergreen.co.uk

This website uses cookies to give you the best experience, agree by clicking the 'Accept' button. View our cookie policy