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 海角视频 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.