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Sunny Day Capital completes £17m worth of commercial property deals30th October 2014

Covent Garden in LondonUK residential and commercial real estate investor and developer Sunny Day Capital has completed £17 million worth of commercial acquisitions and disposals in London's Covent Garden, Reading, Surrey and Bristol.

Sunny Day's two acquisitions, totalling £4.74 million, include: 2-9 Whiteladies Road in Clifton, Bristol - a 12,000 sq ft office building, which is let to ARAG and produces £185,000 of rent per year. The property was bought from Deeley Freed Estates for £2.21 million. In Reading, Sunny Day has purchased 1-5 King Street for £2.53 million from Diamond Properties. This 15,000 sq ft office is let to Barclays Bank for £191,500 per year until March 2027.

Sunny Day has sold 40 Long Acre in London WC2 for £10 million to Transport for London. The building provides 12,000 sq ft of offices over four floors above Covent Garden tube station and is let to a subsidiary of media group Omnicom. It has also disposed of Osprey House in Addlestone, Surrey for £2.1 million to Runnymede Borough Council. The 9,000 sq ft office building is predominantly let to Pandrol International.

Lambert Smith Hampton advised Sunny Day on Long Acre and Reading. Allsop advised the vendor on Clifton and Reading, while JLL advised the purchaser of Long Acre. Runnymede represented themselves.  

Written by Richenda Oldham

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