Cordea Savills has acquired a prominent office building in the Welsh capital, Cardiff, from Standard Life Investment for EUR 22.6 mln. The 8,832 m[sup]2[/sup] property is let to Eversheds through 2022.
Cordea Savills has acquired a prominent office building in the Welsh capital, Cardiff, from Standard Life Investment for EUR 22.6 mln. The 8,832 m2 property is let to Eversheds through 2022.
The deal reflects a yield of around 8.5%. Bank WestImmo is providing financing of EUR 12 mln for the acquisition.
