Unit C Solent Business Park, FarehamProperty:Modern AC offices
Area:53,000 sq ft
Purchase Price:c. £13.5m
Claymore Role:Acquisition & Investment Management
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Acting on behalf of a Gulf based property company, Claymore acquired this Core 52,878 sq ft office investment in July 2012 for c£13.5m, reflecting a net initial yield of 7.25% pa (£250 psf).
The property, located on Goodman’s 130 acre Solent Business Park near Southampton, was let to Zurich Insurance for 10 years remaining.
As a Core investment, the business plan focused on income security.