Bracknell

2 The Arena, Bracknell

In January 2015, Joiner Cummings acted on the sale of 2 The Arena, Bracknell on behalf of Aberdeen Asset Management for £15.425 million reflecting a net initial yield of 7.00%. 

• Prime position in central Bracknell
• Prominent Headquarters of  building located opposite Arlington Square.
• The property which totals 66,541 sq ft has an excellent specifation which includes air conditioning, raised floors, category 2 lighting and suspended ceilings
• Extensive car parking provision of 254 spaces (1:265)
• Let in its entirety to IGE Energy Services (UK) Ltd (D&B 5 A1) who are a wholly owned subsidiary of General Electrics who have a market capitalisation of circa $260bn
• 10.1 years until lease expiry, 5.1 years until break
• Re-based rental level, with income reflecting £18.00 psf
• Freehold