BBG Agrees the Sale of Prime King's Cross Freehold

BBG Agrees the Sale of Prime King’s Cross Freehold

14th May 2014

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BBG Real Estate Advisers has sold the freehold interest in Bacta House, King’s Cross, N1 on behalf of client Create REIT Ltd. The canal-side office was sold for £3.50m to F & C UK Property Fund reflecting a net initial yield of 4.98% and a capital value of £806 per sq ft.

BBG let the building to advertising company BrandPie Ltd for a 10 year term in July 2013.

For further information contact
Tom Boggis
0723978462
020 3713 1950
[email protected]

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