We were able to assist construction firm Galliford Try by providing them with strategic advice following a company acquisition.
The company’s Southern portfolio included four office buildings in Bristol, Southampton, Harefield and Caterham. We marketed the office buildings totalling just less than 40,000 sq ft as a sale and leaseback investment.
We were able to surpass our client’s expectations as the properties were purchased by an Irish based investor for in excess of £10million. The four offices are to be leased back to Galliford Try for 15years at £630,000 a year with five annual rent reviews following completion of the sale.