Red kite on behalf of Private Equity has competed the purchase of Partnership House in Telford.
The tenant is Cap Gemini who service HMRC from the building running the VAT returns office.
The lease has 3 years remaining and the rent is £280,000 p.a. representing £8 p.s.f.
Red Kite paid £2.8m showing a 9.4% NIY.
Lewis Ellis acted on behalf of Red Kite whilst M7 were unrepresented.