Derwent London has exchanged contracts to acquire two properties in London’s Knowledge Quarter1, totalling 182,100 sq ft for £214.6m inclusive of costs. The combined rent is £5.3m p.a., or c.£30 per sq ft, reflecting a net initial yield of 2.5%. The two acquisitions offer considerable opportunities for asset management and longer- term development opportunities.
Nick Walkley will be joining Avison Young as Principal and President UK Strategic Advisory in September, further supporting the company’s ambitious program of growth, both in the UK and internationally.
Chancerygate has announced it is to open an office in central Bristol as it seeks to further grow its activity throughout the South West and into South Wales.