BNP Paribas Real Estate has sold 38-39 Broad Street, Reading, on behalf of DTZ Investment Management, to clients of CBRE Global Investors for £8.275m, reflecting a yield of 6.1%.
The property which occupies a prime position on Broad Street and totals 22,487 sq ft, is let to WH Smith Retail Holdings Limited with an unexpired term of just under 10 years.
Paul Griffiths of BNP Paribas Real Estate commented: “Due to the building’s prominent location, we were able to efficiently dispose of this prime retail investment on behalf of our clients.”
HP Four acted for CBRE Global Investors.
