Law firm’s offices acquired in multi-million pound deal

A Sheffield office building, home to Law firm Irwin Mitchell, has been bought in a 6.85m deal. ADAPT Real Estate, working alongside Ship Street Advisors, and acting on behalf of UKRO, a Jersey domiciled fund focused on UK regional offices, has acquired Riverside West Schroder Real Estate Investment Management. The five-storey office building, which totals 40,592 sq ft, is fully let to Irwin Mitchell until 2023 at an annual rent of £555,000. The deal reflects a net initial yield of 7.60%. It is located within Riverside Ex... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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