Capital Trust sells Kia Motors UK HQ for £16.3 million

The Capital Trust Group has sold the Kia Motors UK headquarters in Walton-on-Thames to Aberdeen Asset Management for £16.3 million, at a net initial yield of 5.25%.

The 30,970 sq ft office building is let to Kia Motors at £906,000 per annum for a further 13 years.

Finola Reynolds of the Capital Trust Group commented;  “A sale at this level demonstrates the strength of this asset and has provided our investors with an excellent level of return in a relatively short period”.

Knight Frank represented The Capital Trust Group; BNP Paribas represented Aberdeen Asset Management.