The portfolio consistsof 18 properties--mainly offices-across the UK. It includes the 135,000-sf Chesser House in Edinburgh where the tenant is Edinburgh City Council; the 110,000-sf Telephone House in Sheffield let to BT; and T-Mobile's 62,000-sf new call centre in Merthyr Tydfil, South Wales.
.Madejski said: "The successes of our first 18-months added to the acquisition of this excellent portfolio, which has strong covenants and some trophy buildings, places Sackville in an extremely robust position to face these uncertain times. We are actively seeking new development opportunities to broaden our interests even further".
Bushe Gower Associates advised Sackville Properties.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.