Longmead Capital has sold Grade A office building Keats House, Leatherhead, to Corum XL for an undisclosed sum.
Comprising 50,354 sq ft of office space across three floors, Keats House features modern open-plan accommodation, a full-height atrium, floor-to-ceiling glazing and 230 dedicated parking spaces, providing a car-parking ratio of 1:219 sq ft.
The building is fully let to CGI UK Ltd, one of the world’s largest multinational IT and business consulting services firms, with an unexpired lease term of 7.6 years.
Keats House is located in The Office Park, Leatherhead – a premier office park home to multi-national occupiers, including Unilever, KBR and Zoetis. The town of Leatherhead is situated 15 miles south-west of Central London and is strategically located by Junction 9 of the M25.
Knight Frank acted on behalf of Corum XL and ACRE Capital acted on behalf of Longmead Capital.
Freddie Owen, Partner in Knight Frank’s Capital Markets team, comments: “We are delighted to have acted on behalf of Corum XL on its purchase of Keats House. Its prime location and long-standing tenancy with CGI makes it an extremely attractive investment.”
Jonathan Smith, Investment Manager at Corum XL, a fund managed by Corum Asset Management, comments: “The acquisition of Keats House supports the fund’s strategy of investing in medium to long term secure income streams from tenants who are heavily committed to the building. The recent letting evidence in Leatherhead provides renewed confidence of its continued role as a leading M25 office market providing added growth benefits in the future.”
