French real estate investor Corum AM has 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, CoStar News can reveal.
CoStar News article - 30 March 2020
French real estate investor Corum AM has 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, CoStar News can reveal.
The deal is understood to have completed last week.
Janus Henderson bought the headquarters building in 2015 after it had been leased in its entirety to Gilead in one of west London and the South East's largest lettings of that year from Europa Capital and Cordatus.
The 97,720 sq ft property comprises two co-joined buildings.
The building has a WAULT of five years and a passing rent of around £30 per sq ft.
The open-ended UK Property PAIF is currently suspended from trading at present alongside the majority of its daily traded peers on advice from the valuation industry about material valuations uncertainty during the coronavirus pandemic.
Kimmre advised Corum. Lewis Ellis advised Janus Henderson.
pnorman@costar.co.uk
