DTZ announced today that it has successfully completed the sale of Building 730, Aztec West to AEW UK. Aztec West is one of Bristol’s premier business parks.
The 40,118 sq ft building is let to Northgate Information Solutions Ltd until February 2016.
David Haynes, senior director at DTZ, said: “This transaction demonstrates that there is demand for short income opportunities in the current investment market where the fundamentals of location, building and specification are strong.”
AEW UK was advised by HP Four. Andrew Mears, Partner at HP Four, said: “The building was acquired off a low underlying capital value per sq ft with excellent asset management opportunities in the mid-term and offered an attractive day 1 running yield.”
