Three office buildings in Bristol’s Temple Quarter have been sold for £27.75million.
Quayside, which includes DAS House, North Quay House and South Quay House, have been sold by legal expenses insurance company DAS and life insurance business ERGO to financial services company Legal & General (L&G).
The buildings' tenants are currently DAS Insurance, DAS Legal and Unite Integrated Solutions, which account for 93 per cent of the income.
The current passing rental income is £1.8million a year.
Nick Allan, international partner and head of capital markets at Cushman & Wakefield in Bristol, said: “The property attracted an unprecedented amount of interest for an asset of this scale.
“This underlines the attraction of Bristol from Ƶ and International capital for active management opportunities.”
DAS and ERGO were represented by the Bristol office of Cushman & Wakefield, while Knight Frank’s Bristol office acted on behalf of L&G.
The freehold sale and continued leasehold occupation by DAS has been concluded as part of the long-term strategy of the business.
