The largest property is Elder House, in Elder Gate, Milton Keynes. The a 70,000-sf multi-let office building is over 50% let to British Telecom. Also included is Cassiobury House, Station Road, Watford, a 36,000-sf multi-let building where tenants include HSBC and the Secretary of State for the Environment.
The two smaller properties are Allen House, Station Road, Egham, a single-let 12,000-sf building and Bourne House, Park Street, Camberley, a single-let 6,000-sf building. The purchase reflects an overall yield of approximately 8.25%. South Tyneside Council was advised by Aberdeen Property Investors and Matthews & Goodman.
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