A hat-trick of landmark deals has underpinned this performance. The most notable was the sale of the Brinell Building, a rare new delivery that completes next month. The 65,000 sq ft building has seen marked success, breaking ground speculatively in Q1 2018 and securing full occupancy in Q4 2018. Orchard Street Investments Management acquired the property for £39m from McAleer & Rushe in April, with the price reflecting a keen net initial yield of 4.75% (Among Brighton’s lowest this cycle).
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IN THIS ARTICLE
- Properties
- The Brinell Building
30 Station Rd, Brighton, ESX