Imperial House sold € 4.66 million in the building in Newport, England.

The buyer, who bought the office, has a joint venture with Knight Frank’s M1 Agency. An 8% Net First Yield (NIY) of an office building of 26,672 square meters is represented.


The open-plan two-storey office at the Imperial Park is 9,55 years. The building attracts around £ 400,080 a year. The office building is located in an important business area.

Gareth Lloyd, partner in the Knight Frank Capital Markets team in Cardiff, said: “Imperial House offers the opportunity for strong rental growth following the game-changing benefits of several infrastructure improvement initiatives which are all underway, and which are increasing the profile of Newport as a major regional city.”

Christopher Turner, director of vendor Urban Logistics REIT plc, said: “We acquired Imperial House as part of a portfolio of investments in 2016. By selling it at this stage we can reinvest funds into industrial and logistics property which align more closely with our overall investment portfolio.”

Source: wales247.co.uk

Sevdenur Demir / [email protected]