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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

Victoria Office Block purchased for £19.75m showing 9.75%

Red Kite advised a Private Equity Investor on the purchase of this freehold office building in Victoria Street, London. It was an ungeared purchase completed in 5 working days for the sum of £19.75 million, reflecting a yield of just under 10%.
The tenant profile was Advanta Serviced Offices on the office space which had in excess of 12 years remaining above the retail space that had Alliance and Leicester on leases in excess of 15 years. The vendor was Blackrock and Red Kite provided investment advice, legal and lease analysis on the property.

Victoria Office Block

Victoria Office Block