Pinehurst Park Acquired with McKay Securities
Through Mendip Capital's collaboration with London and Devonshire Trust, Pinehurst Park, Farnborough has been acquired with McKay Securities PLC . The 71,000 sq ft building is let to IBM until July 2016 at a rent of £1.29m. A purchase price of £3.5m was paid while at the same time a complex transaction was concluded with IBM.
James Birkett comments "Occupier relationships are key to our business philosophy and enabled the complex transaction with IBM to be undertaken."