Hillview Real Estate acquires Station Square in Swindon25 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: