Random House


VALUE

£67 million / NIY - 4.68% / £1,060 per sq ft

AREA
63,229 sq ft

PURCHASER
Sofidy

VENDOR
Random House

CBRE’S ROLE

Acquisition

DESCRIPTION

CBRE advised Sofidy on the purchase of Random House. The property had been subject to several abortive sales and we were able to acquire the investment at a substantial discount to the original quoted price.

In addition as a sale and leaseback we were able to have a meaningful influence into the terms of the occupational lease.

The investment provides indexed annual rental performance to a very strong covenant for a minimum 11 year term.