5 June, 2017
Leading south coast commercial property solicitors Steele Raymond LLP have advised Dorset-based Broadshade Group Ltd on a significant acquisition of an office investment in Bristol.
The substantial 15,400 sq ft office investment at The Brooms, Monarch Court, Emersons Green, Bristol, BS16 7FH is one of a number of recent acquisitions by Broadshade Group Ltd.
The unit, which is let to Assystem UK Limited, saw a net initial yield of 8.4% paid for the freehold interest. The ‘off market’ acquisition follows the purchase by Broadshade Group Ltd of nine office units at Eastgate Office Centre also in Bristol in 2015.
Broadshade Group Ltd has grown to be a well-established property investment and development company, with interests ranging from forestry in the north east of Scotland, to commercial property development projects in the south of England.
Commenting on the acquisition Property Portfolio Manager Louise Leat said: “We are delighted to have secured Monarch Court as part of Broadshade Group’s growing investment portfolio.”
Steele Raymond partner and head of commercial property Chris Twaits said: “We enjoy a very close working relationship with Broadshade Group Ltd, providing a full range of commercial property investment and development legal services. We have been delighted to assist them with regard to this further acquisition in the Bristol market.”