Building 500, Northampton Business Park
Published 9th December 2014
Property - Modern, multi-let offices
Floor Area - 42,000 sq ft
Purchase Price - c. £3.1m
Claymore Role - Acquisition, co-investment & asset management
Claymore has acquired another asset for its Sivana Investments business space vehicle backed by Hong Kong based private equity. Building 500 is a modern 42,000 sq ft office property in an excellent location on the Northampton Business Park let to Balfour Beatty, Perrys Motor Group and Infinis Energy Services. The property is fully air-conditioned and has excellent car-parking.
Claymore is implementing an active asset management plan deisgned to let 12,000 sq ft of fully refurbished vacant space in the property.
The property was acquired at a price of c. £3.1m with a net intial yield of 12.5% and capital value of £75/sq ft