Caldecotte Lake Business Park
Cyril Leonard advised Galliard Homes together with private investor clients of Mutual Finance to purchase the Caldecotte Lakes Business Park in Milton Keynes for a price in the region of £35,250,000 to show a net initial yield of 7.25% at a price equivalent to £205 per sq ft.
Caldecotte Lake Business Park comprises 7 Grade A office buildings totalling 172,000 sq ft set in 11 acres of landscaped grounds. The buildings are multi-let to 19 tenants including Royal Mail, Rightmove, Countrywide, Universal Music, Gatehouse Bank and Goldman Sachs.
172,000 sq ft £35.25m