Real Estate investor Dunedin Property has bought a Gloucestershire office block for £1.8m from the joint fixed-charge receivers.
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Real Estate investor Dunedin Property has bought a Gloucestershire office block for £1.8m from the joint fixed-charge receivers. The deal for the 27,000 sq ft scheme, Pate Court, at St Margaret’s Road in Cheltenham, reflects a 12.6% yield. The multilet office investment comprises nine office buildings and forms part of a larger portfolio. Rosalind Goode and Roland Morgan, LPA receivers at GVA, were appointed by Hatfield Philips International in its capacity as special servicer. Hamilton Investment Properties advised Dunedin; GVA acted for the LPA receivers. bridget.oconnell@estatesgazette.com To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.
