Capita Office Sale
Hallmark Real Estate Group, on behalf of private clients, disposes of an 11,000 sq ft office building.
The property in Uddingston, Scotland sold for an 8% yield. The entire property is let to Capita Ltd, a FTSE 250 company, until 2027.
Howard Frankel of Hallmark Asset Management commented: “With the lease having just under 10 years remaining, our asset management department considered this to be the strategically correct time to bring the investment to market”.