Eagle One has acquired a Bristol office building for £1.58m from Mayfair Capital Property Unit Trust (MCPUT).
Eden House, located at the Eden Office Park, measures 7,781 sq ft and is currently let to Unit 4 Business Software for a further six years.
MCPUT, a fund managed by Schroder Real Estate Managers (Jersey), was advised by Mayfair Capital Investment Management and represented by Knight Frank. The purchaser was represented by Colliers International.
James Feilden, fund manager at Mayfair Capital, said: "This asset has been a small but excellent performer for the Trust. This sale was identified due to its relatively small lot size and following the successful execution of our business plan to remove the tenant's break option, extending the term certain to 2022."
Paul Withers, director of Eagle One, added: "We are delighted to have completed the purchase of Eden House. This is a small lot size for the company and we will be targeting a number of larger investment acquisitions in the region during the course of the year."
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
