MEPC today announces the sale of Benson House to Lancashire County Pension Fund for £20 million achieving a net initial yield of 7.4%.
Benson House is located on the award winning MEPC Wellington Place development scheme managed by MEPC.
Currently occupied by Price Waterhouse Coopers the rent is at £1,549,660 per annum on an unexpired term of 11 years, with a break clause in six years.
MEPC were advised by King Sturge. Knight Frank Investors acted for Lancashire County Pension Fund.
Notes to Editors
MEPC manages some of the UK’s best known commercial property. With a £1bn portfolio, we are a leader in our field. We have eight Business Estates in prime locations throughout the UK. Together they provide over 10m sq ft of high-quality space for more than 1,000 organisations, employing 20,000 people.
Contacts
Amber Kennedy, MEPC Marketing Manager
Tel: 01256 486695
Email: akennedy@mepc.com
Web: www.mepc.com
Tuesday, 18 May 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment