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

THE BOUTIQUE WORKPLACE COMPANY SIGNS PARTNERSHIP AGREEMENT WITH PRIVATE LANDLORD AND EXPANDS ITS NETWORK OUTSIDE LONDON

November 24, 2020 - 10:35

The Boutique Workplace Company is to open two new flexible workspace offerings in Kingston-upon-Thames and Wantage in south Oxfordshire after signing a partnership agreement with a private landlord. T[...]

+ Read More

PLANS FOR LEISURE WORLD REGENERATION SUBMITTED TO SOUTHAMPTON CITY COUNCIL

November 24, 2020 - 10:31

Sovereign Centros, the development manager for the proposed regeneration of Leisure World in Southampton, has submitted an outline planning application for one of the city’s most significant regener[...]

+ Read More

ARLINGTON EXPANDS OXFORD BUSINESS PARK OWNERSHIP WITH SPIRES HOUSE ACQUISITION

November 24, 2020 - 10:25

Arlington has continued to consolidate its ownership at Oxford Business Park by acquiring Spires House, a 49,421 sq ft multi-let office building from Harbert European Real Estate. Also known as Buildi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR