Hillview Real Estate acquires Station Square in Swindon

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Hillview Real Estate acquires Station Square in Swindon

25 October 2018

Hillview Real Estate, the UK regional office investor, has acquired the Station Square office building in Swindon for £8.5 million, reflecting a net initial yield of 7.84%.

Station Square comprises 47,742 sq ft of grade A office space on Gloucester Street, just a two-minute walk from Swindon rail station. The four-storey office building is let to six tenants, including Prepay Technologies, Arthur J Gallagher (UK), Amey OWR and Reed Specialist Recruitment.

The acquisition on behalf of Hillview Partners Property Fund II continues Hillview’s focus on investing in multi-tenanted, institutional-quality, regional office assets that offer significant value creation through asset management.

Nadav Livni, founder of Hillview Group and fund manager of Hillview Real Estate, said:

“Station Square is the best office building in Swindon. We are offering tenants a great location and occupational experience and the opportunity to re-gear and extend their leases.”