New Property Purchase - Cumberland House, Southampton - Jan 2015

Thursday, January 01, 2015

New Property Purchase - Cumberland House,Southampton Kingsbridge Estates are delighted to have acquired the freehold interest in Cumberland House, a 30,000 sq. ft. prime office investment in Southampton.

The property formed part of a larger portfolio sale out of Standard Life, however, Realest acting on behalf of Kingsbridge Estates secured a sub sale of the Southampton Property from Helical Bar, who acquired the rest of the portfolio.

The property, which about 50% let to Lucite International and Coffin Mew, will now be fully refurbished for potential occupiers on the vacant floors.

Mark Hooper of Kingsbridge Estates commented, “The team at Realest worked hard to secure us the opportunity of the sub-sale and really pulled out all the stops to help us complete within 10 days”. We’re now pressing ahead with our refurbishment plans and would be happy to talk to anyone about their particular requirements.”