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LONDON-An overseas private investor advised by Stratreal has paid £59.25 million ($87 million) for Morley Fund Management and Redrow Commercial Developments’ 121,320-sf Windsor Office Park in Windsor, Berkshire. The purchase price reflects a yield of 6.3%.

The property is made up of two adjoining air-conditioned office buildings, completed last year, and let on individual leases to GB Gas Holdings, a subsidiary of Centrica, with 16 years unexpired.

Jeremy Gates, Head of European Investment Advisory at Stratreal said: “We are continuing to focus on long term secure investments, in prime locations, let to blue chip tenants in the office, retail and hotel sectors. This acquisition is a prime example of such an investment in the foremost location in the Thames Valley office sector, to provide long term secure income and capital appreciation prospects.”

Knight Frank acted on behalf of the vendors.

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