Property company London and Stamford has completed the acquisition of an office building located on Leatherhead Office Park in the South East.
The property, known as Unilever House, was bought for £61.15m, which reflects a net initial yield of 6.85%. The property comprises 179,457 sq ft and is let in its entirety to Unilever UK, for which it was purpose built, at a rent of £4.43m per annum. The unexpired lease term is for a further 11 years.
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