USB Global Asset Management has bought New Brook Buildings in London’s Covent Square.
Since being refurbished in 2009, New Brook Buildings is now multi-let to a variety of tenants include Maris Client Blick Rothenberg.
Maris Interiors, a very long-standing Client of Blick Rothenberg have committed to relocate them from their existing offices at 12 York Gate, Regents Park NW1 to new premises in Covent Garden.
The design and fit-out of the office was to a cellular format reflecting their partnership-based business while incorporating a gentle contemporary feel. The new offices also provide improved meeting and seminar facilities and IT infrastructure capabilities.
New Brook Buildings comprises two separate buildings with just under 100,000 sq ft Grade A office space.
The sale price was reportedly £113. This reflects net initial yield of 4.76%.
The vendor was advised by GM Real Estate.
UBS Global Asset Management was advised by Tudor Toone.