23/10/2020

CoStar News - Kimmre advise Corum on Guildford Office Acquisition

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Kimmre are pleased to have advised Corum on their recent acquisition of Onslow House in Guildford as reported by Paul Norman Costar.

Kimmre are pleased to have advised Corum on their recent acquisition of Onslow House in Guildford as reported by Paul Norman Costar. The property is majority let to EA Sports forming their European HQ office and sits in a prominent position in Guildford town centre – the home of gaming.

CoStar - by Paul Norman

Busy French investor Corum XL is set to continue its regional offices buying spree with the acquisition of Onslow House in Guildford from Aberdeen Standard Investments for around £38m, CoStar News understands.

The 105,000 sq ft office on Onslow Street is principally leased to Electronic Arts, with Smith & Williamson also a tenant.

Corum XL has been a notably busy UK office buyer during the pandemic. In the last week of August it completed the £19.3m acquisition of Keats House at The Office Park, Leatherhead in Surrey from Longmead Capital. The deal reflects a net initial yield of 6.8%.

The prior week it had bought the Lansdowne Gate office building in Solihull from an institutional balanced fund managed by Columbia Threadneedle Investments for £19m, reflecting a net initial yield of 6.46%.

In July it bought 1 Mere Way on Ruddington Business Park in Nottingham for £6.275m, reflecting a net initial yield of 6.72%.

And at the end of March it bought 2 Roundwood Avenue in Stockley Park, west London from Janus Henderson's open-ended UK Property PAIF for £40.5m or a 6.7% yield.

ACRE Capital Real Estate is advising Aberdeen. Kimmre is advising Corum.

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