On behalf of DTZ Investment Management, BNP Paribas Real Estate has sold 38-39 Broad Street, Reading to clients of CBRE Global Investors for £8.275m, reflecting a yield of 6.1 per cent.
Situated in a prime position on Broad Street, the property totals 22,487 sq ft and is let to WH Smith Retail Holdings Limited with an unexpired term of just under ten years.
HP Four acted for CBRE Global Investors.
Have you any commercial property events you'd like to tell us about? It could be networking, exhibitions, seminars, industry lunches or sporting fixtures. We will list them for free. Just email newsdesk@propnews.co.uk with the following details: Event name, date, time, venue, cost, booking info and a brief description of the event.
To list your property job vacancies on Property News. Email: richenda@propnews.co.uk.