The investor is understood to have paid more than the £14.5m asking price for Barnstaple asset
Site has consent for 1,100 homes and 86,000 sq ft of commercial space
Single ownership will ‘maximise the assets’ potential’
Joseph Vullo takes on additional responsibilities at the firm
The asking price for the 80,000 sq ft office has been set at £30m
The asset is the latest disposal in the Balanced Commercial Property Trust Fund
BOX.STN is due to begin development next year
The £1bn Balanced Commercial Property Trust has been held back by exposure to offices
BCPT secures 316,500 sq ft of letting deals in Birmingham and Liverpool
The St Christopher’s Place owner sees NAV fall to £831.5m
Asset manager says move will ‘protect the interests of investors’
Deal will add £1.5m per annum of rent to Martin’s Properties’ portfolio