CBRE Global Investors has completed four acquisitions across the UK for a total of £20 mln (EUR 25 mln) on behalf of its clients.
CBRE Global Investors has completed four acquisitions across the UK for a total of £20 mln (EUR 25 mln) on behalf of its clients.
The acquisitions involve 18-20 Boscawen Street, Truro, which was acquired for £6 mln. Currently let to BHS until 2022, the building totals 38,200 sq ft (4,000 m2).
In Bury St. Edmunds, the company bought a property let to Barclays Bank and Mountain Warehouse until 2026 and 2021, respectively, while in Northern Ireland it bought a Tesco supermarket in Limervady, for £6.25 mln.
'These four purchases offer secure, 10-year plus income streams at above-average yields off low rental levels,' said Ric Crane, Director, Separate Accounts. 'This meets the requirements of our client and is line with their investment strategy.'
The agents acting for CBRE Global Investors were Jones Lang LaSalle, Cushman & Wakefield, FG Burnett and BTWShiells.
