Office Block Sells After Bidding War ; Commercial Property Quarterly Review

Summary


AN OFFICE building in North Shields has sold to a property company for 5% above its pounds 13.1m asking price after being placed on the market last May.

A syndicate of investors sold Kings Court, Earl Grey Way, Royal Quays, last month to property company and fund manager Antler Group for pounds 13.6m, representing a 6.8% rental yield.

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Extract


Office Block Sells After Bidding War ; Commercial Property Quarterly Review

The syndicate funded the building of the Enterprise Zone property and placed it ...

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