Amalgamated Berkshire has sold Station Square, Swindon to GreenOak Real Estate for a price of £6.5m.
This Grade A office building contains 49,142 square feet of accommodation and is located within a two minute’s walk of Swindon rail station. Constructed in the 1980’s, Station Square was refurbished in 2010 to Grade A standard and now provides the highest quality office accommodation in Swindon town centre.
Tenants include Arthur J Gallagher, Prepay, Colas Rail and Amey and the building provided a total rental income (including top ups) of £623,473 p.a. Cyril Leonard advised Amalgamated Berkshire and BNP Paribas Real Estate advised GreenOak.
GreenOak has acquired the property as part of its active investment strategy to acquire small to medium-sized assets with active asset management potential around Greater London and the South of the United Kingdom.
GreenOak is a global investment manager with £3.4bn of assets under management. From its London office, the firm has acquired c.£250m of UK properties over the last 24 months.