The Capital Trust Group has sold the Kia Motors UK headquarters in Walton-on-Thames to Aberdeen Asset Management for £16.3 million, at a net initial yield of 5.25%.
The 30,970 sq ft office building is let to Kia Motors at £906,000 per annum for a further 13 years.
Finola Reynolds of the Capital Trust Group commented; “A sale at this level demonstrates the strength of this asset and has provided our investors with an excellent level of return in a relatively short period”.
Knight Frank represented The Capital Trust Group; BNP Paribas represented Aberdeen Asset Management.
