Westpoint Court, BristolProperty:Modern, multi-let offices
Area:18,000 sq ft
Purchase Price:c. £2m
Claymore Role:Acquisition, Co-investment & Asset Management
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Acting on behalf of Hong Kong based private equity investors, Claymore acquired this Value-add 17,500 sq multi-let ft office investment in September 2013 for c£2.0m, reflecting a net initial yield of 14.2% pa (£119 psf).
The property is fully air-conditioned and in an excellent location, approximately 0.5 miles from the M4 / M5 junction. The business plan envisages re-gearing leases and / or re-letting to push both rental and capital values forward.