• Charlotte Place, Southampton
, was sold by McAleer & Rushe to Columbia Threadneedle for £15.5m, reflecting a net initial yield of circa 7.75%. The 80,857 sq ft property is multi-let with over 4.1 years term certain at a passing rent of £1,269,097 per annum.
• 4500 Parkway, Solent Business Park, Southampton
was sold by Draco Property to Columbia Threadneedle for £9.7m, reflecting a net initial yield of 7.5%. The property is multi-let with an unexpired term of 5.8 years at a rent of £785,787 per annum.
• Vanbrugh and Jellico House, Botleigh Grange Business Park
, were sold by Aberdeen Asset Management to Northwood for £9m, reflecting a net initial yield of 9.02. The two properties total 53,512 sq ft and are fully let to eight occupiers at a combined rent of £858,795 per annum, for a term of 1.82 years to breaks and 2.38 years to expiries.
• Ailsa, 3 Turnberry House, Solent Business Park, Fareham
, was sold by Craigard Investments to a private investor for £1.19m, reflecting a net initial yield of 9.58%. The property is multi-let at a net rent of £120,598 per annum.
• Units 3000A and 3000B Parkway, Solent Business Park, Whiteley
, were sold by Herbert to Palm Capital reflecting a net initial yield of circa 7%. The tenant is Zurich Insurance Company (UK) Limited on 20 year full repairing and insuring leases from 5 September 1997 at a total current rent passing is £1,853,349 per annum.