17th November 2018

Wigmore Place, Wigmore Lane, Luton

Purchase for Kames Capital UK Active Value PUT in May 2014 of a 227,000 sq ft 4 storey office complex, comprising 3 interlinked buildings, at a price of £15.60 million, reflecting a net initial yield of 9.96%.

There are 2 occupiers, who occupy the majority of the accommodation, Tui and First Port.

PURCHASE

Purchased by Ediston for Kames Capital in May 2014 at a price of £15.60 million, reflecting a net initial yield of 9.96% and a reversionary yield of 10.81%.

ACHIEVEMENTS

  • Completed a major refurbishment of the lifts, common areas and central plant across the complex.
  • On the back of the completion of the common works, restructuring of the Tui leases to extend their occupation within Wigmore House and Marlborough Houses and within Eaton House following refurbishment of the 1st and 2nd Floors.
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