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LONDON-The acquisitive Kenmore Group has paid £5.05 million ($8 million) for Brunswick House, a 43,000-sf office building on Brunswick Place in Southampton, Hampshire. The deal reflects a net initial yield of 7.77% and a capital value of around £112 ($180) per sf.

The building was put on the market by AXA Sun Life. It is a substantial office and retail property in the city’s main professional district, with views across Watts Park which backs onto Above bar, Southampton’s principal shopping area. It is multi-let to tenants including the Immigration Service; AXA; Crescent and FPD Savills.

Lewis & Partners advised AXA Sun Life.

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