The £62m sale of 300 Capability Green, a prime office investment in Luton has completed. The purchase was made by a private client of Citi Private Bank.
Allsop recently won the mandate from Citi Private Bank to be their retained agent for direct commercial UK real estate acquisitions for their private clients.
300 Capability Green comprises high quality office, and research and development space spanning 181,750 sq ft. The building is fully let to BAE Systems on a 25-year lease offering a further 10 years of income. It is under let to Leonardo MW who are an international supplier of aerospace and defence equipment and one of the biggest suppliers to the MoD.
Located at one of the region’s premier business parks situated along the M1 corridor, it benefits from excellent transport links, including London Luton Airport, just two miles away and train links to London St Pancras with a journey time of 24 minutes from nearby Luton rail station.
Luton is also undergoing significant regeneration, sparked by £1.5bn of investment in the area and the delivery of infrastructure projects such as the expansion of London Luton Airport.
Allsop represented the purchaser, a private client of Citi Private Bank and LSH represented the vendor.