BRISTOL, UK-Standard Life Investments Property Income Trust has agreed to purchase St James's House in Cheltenham for GBP 8.45 million. The multi-tenant office building was constructed in 1982 and refurbished in 2000 and 2010.
The property is situated beside the town center and is leased to nine tenants, including Bank of Ireland, Barnett Waddingham, BPE Solicitors, Brewin Dolphin, Gloucestershire Media, Liberty Mutual and the Health and Safety Executive. The buyer was advised by Jones Lang La Salle and the vendor was advised by Savills. For the full story, go to PropertyMall .
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