Q3 saw some key investment sales for the city with sub 7% yields being agreed out of town, which have achieved higher quoting levels than expected.
Kames Capital purchased Embassy House, Clifton from Rockspring for £7.5m (8.96%); multi-let retail with 43,242 sq ft offices.
Redcliff Quay was been purchased by L&G for a confidential price from Standard Life. Quoting level was £24m (8.27%) for the 108,000 sq ft multi-let.
Dakota House Building, Bristol Business Park sold for £10.5m (8.2%) and let to Thales for 20 years. A private purchaser paid £1m above quoting level.
Park Gate, 2000 Aztec West has exchanged at sub 7% off a quoting level of 7.5%. Of that 68,000 sq ft office space has been let to EE for a 14 year term.
To view our latest UK Investment Transactions (UKIT) report, please click here.