Three buildings at Callflex Business Park in Rotherham have been acquired by CEG on behalf of their investors for an undisclosed sum.
Cushman & Wakefield acted for CEG whilst Knight Frank advised the vendor, Bourdon Park SARL.
The three detached office buildings which total 97,000 sq ft, are multi-let to Port@l, Telereal Trillium and Keepmoat generating a rental income of £766,346 per annum with an average weighted unexpired term of approximately two years. The buildings are situated in a prominent position in the established commercial area of Dearne Valley.
Simon Marshall from Cushman & Wakefield’s Investment agency team said: “We were delighted to acquire this asset for CEG as they continue to source value add opportunities nationwide. Callflex Business Park benefits from solid underlying fundamentals, with a number of long-term tenants.”
Richard Brooke from Cushman & Wakefield added: “Callflex Business Park provides some of the best quality office accommodation within the locality and CEG have an excellent opportunity to further enhance the asset.”
Graham Foxton at Knight Frank Leeds advised the vendor.
