Lambert Smith Hampton commercial property consultancy
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Representing the biggest office investment in Southampton city centre in 2014, the 50,000 sq ft Brunswick Gate building was acquired by Lambert Smith Hampton for Fidelity Investment Managers for £11.25m. It is let to NatWest for an unexpired term of six years, equating to a net initial yield of 7.83%.
Arcadia House in Ocean Village is widely regarded as one of the best office building in Southampton and benefits from 115 parking spaces. Lambert Smith Hampton advised Forelle Estates on its off-market acquisition.
Investment in the UK commercial property sector during the third quarter of 2014 reached £16.3bn - a 37% increase on the previous quarter and 41% higher than in the corresponding period last year.
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