South-east office portfolio acquired by Westbrook

£26m paid for four office properties in the Home Counties

Article posted: 18 Jan 2011

UBS Global Asset Management has sold a portfolio of office properties on behalf of its Frojan Fund to US private equity firm Westbrook.

Westbrook is thought to have paid around £26m, a net initial yield of 8.7%, for four office buildings in the south east of England.

The Australia portfolio comprises 285,900 sq ft of office space in the Home Counties at the Odyssey Business Park in Ruislip, Middlesex; Salamander Quay in Harefield, West London; Square One in Heston, Middlesex; and Parallax in Slough, Berkshire.

Tenants include MW Kellogg, Honda and Yakult.

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Posted by Janet