Login

BA Pension Trustees to sell in Solihull

British Airways Pension Trustees Limited has appointed Savills to bring to market the freehold of Lansdowne Gate in Solihull at a guide price of £20.4m, reflecting a net initial yield of 6%.
By James Buckley
March 10, 2017 | 7:40 P.M.

The 60,999 sq ft (5,667 sq m) office building was comprehensively refurbished in 2015 and is fully let to National Grid Gas Plc and Phoebus Software Limited for a combined passing rent of £1.307 million.  Almost 75% of the income comes from National Grid, with an average weighted unexpired lease term of 10.4 years across all occupiers.  Located on New Road, the property is close to Solihull town centre’s main amenities and train station, with easy access to the M42.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In