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194, 196 & 198 Cambridge Science Park, Cambridge
Acting on behalf of Legal & General Investment Management, Jones Lang LaSalle completed the £35m acquisition of these Cambridgeshire buildings. The purchase price reflects a net initial yield of 6.61%.
- The property comprises three high specification office buildings let to Napp Pharmaceutical Holdings Ltd- Lease expiries are from 4 to 14 years providing an average weighted unexpired term of circa 9.75 years - The buildings are situated on Cambridge’s premier out of town park, benefitting from excellent accessibility and communications
The National Office Investment team remains at the forefront of a constantly changing market, and continues to provide unprecedented knowledge to clients on both acquisitions and disposals. The team has recently advised Allied London on the disposal of 1 The Avenue at Manchester’s Spinningfields, and continues to advise clients seeking to dispose of properties in a number of major UK towns and cities. For further information contact Mark Wilson on +44 (0)20 7399 5874 or Jonathan Mills on +44 (0)161 828 6460.