BATH OFFICE AND RETAIL SCHEME SOLD BY HIGHCROSS

February 16, 2010

Highcross has sold its Westpoint building in Bath city centre to The Charities Property Fund in a £6.8 million deal, reflecting a yield of approximately 7%.

The 20,000 sq ft building is fully occupied, with the upper three floors taken by Bath News & Media, London & Country Mortgages and Abel & Imray. On the ground floor, three retail units are let to Reebrooks, The Southern Co-operative and new occupier, Bensons for Beds (part of the Steinhoff Group).

Highcross acquired the Westpoint building in 2006 and carried out a complete internal refurbishment, including the creation of a new reception area. Located at James Street West, within easy reach of the central shopping area, restaurants and leisure facilities, the building is also in walking distance of the train station.

Nick Turner, director of asset management at Highcross comments: “The shortage of high specification, flexible office space in the centre of Bath has been a key factor in Westpoint’s popularity. This deal indicates there is continuing demand from investors for quality properties with established lease arrangements and occupiers in place.”

Latest News

Redevco hires Jonathan Cole as Transaction Manager UK

August 8, 2022 - 10:27

Redevco, one of Europe’s largest privately-owned real estate investment managers*, hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and w[...]

+ Read More

RAFT OF NEW RESTAURANTS ON THE MENU AT TOUCHWOOD SOLIHULL 10,000 sq ft of new restaurants opening, including The Real Greek

August 8, 2022 - 10:24

Touchwood shopping centre in Solihull has significantly expanded its dining offer with the opening of four new restaurants totalling nearly 10,000 sq ft of space. The four restaurants will generate a [...]

+ Read More

Melburg snap up 110,000 sq ft Bekaert HQ in off-market back to back

August 8, 2022 - 10:21

Melburg Capital (Melburg) announce the acquisition of the Bekaert manufacturing HQ, a 110,000 sq ft industrial asset located on Park House Road, Bradford in an off-market transaction. The asset was ac[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR