Sheffield, Cutlers Gate

Sector:Office – Rest of UK

Description:Single let office

Area:61,638 sq. ft.

Tenure:Freehold

Vacancy:0%

Tenant(s):Capita plc

  • Bought by the Company with 10.5 years weighted average unexpired lease term
  • Negotiated lease regear to move expiry out to 2039
  • Guarantee from Capita plc (parent company) secured for duration of lease
  • Open-market rent reviews replaced with annual RPI increases (capped at 3% and collared at 0%)
  • A good example of the Ediston style of asset management
  • Unlocked value from a dry asset through understanding the tenants needs
  • Robust and attractive income stream with defensive qualities

Latest posts

Documents

Factsheet, June 2017

July 18, 2017

Factsheet, March 2017

July 18, 2017

Interim Report March 2017

May 25, 2017

RNS Feed

Disposal of Phoenix, Reading

Tue, 08 Aug 2017 07:00:00 GMT

Dividend Declaration

Wed, 02 Aug 2017 07:00:00 GMT

Holding(s) in Company

Tue, 25 Jul 2017 13:54:00 GMT

News

Ediston-REIT completes its first sale and immediately reinvests the sales proceeds

June 16, 2017

Ediston acquires Newcastle office for £18.95 million

February 3, 2016

Ediston purchases Plas Coch Retail Park, Wrexham for £22.4 Million

December 11, 2015