A joint venture between UK-based investment manager Mountgrange and pan-European institutional investor Patron Capital has sold an office building in Surrey.
A joint venture between UK-based investment manager Mountgrange and pan-European institutional investor Patron Capital has sold an office building in Surrey.
The partners sold Ranger House in Guildford to Surrey County Council for £13.7 mln (€16 mln).
The joint venture, PM Mercury, acquired the asset last November as part of the £184 mln Mercury Portfolio, which comprised 24 office, industrial and retail properties.
Built in 1988, the four-storey building comprises 3,800 m2 of Grade A office space immediately adjacent to Guildford rail station. Following a refurbishment, the building is now 90% let.
Capita Symonds acted for PM Mercury Holdings and Vail Williams advised Surrey County Council.
