A private investor, represented by Helix Property Advisors, has purchased the freehold investment of Crabtree Office Village in Egham, Surrey from Rowlandson Properties Limited.
The 19,737 sq ft development of eight individual office properties located close to the M25 motorway was purchased for £4.3 million and the transaction reflects a yield of 6.3%.
Gerald Eve advised on the purchase.
Ben West of Helix Property Advisors said: “This purchase is the first acquisition for a new fund established by our client and they will be looking to expand the portfolio in the near future.”
CBRE represented the vendor.