The high quality headquarters office building provides 116,989 sq ft of Grade A office accommodation over ground and two upper floors and sits on a 6.38 acre site. It is let in its entirety to FDR Limited, a global leader in commerce enabling Technology, until 31 August 2029.
The property is situated on Festival Business Park in Basildon’s core commercial area approximately 1.5 miles north of Basildon town centre and within 1.6 miles of the A127 which provides access to the M25.
James Vivian, Director in the UK investment team at Savills, says: “We are delighted to have completed the sale of Janus House on behalf of Maya Capital, who we’ve worked closely with from purchase, through the break and rent review and now the successful sale. Good quality long income assets are still being sought after by investors, particularly overseas investors who have been especially active.”
David Pralong, Founder and Managing Partner at Maya Capital, adds “This sale represents another successful exit in line with our regional office strategy. We remain keenly focused on the UK regions where we continue to see substantial investment opportunity through a combination of high yields and low market vacancy rates relative to London. We expect to invest in further high-quality assets in the coming months.”
M7 Real Estate were advised by Kimmre.
Justin Griffiths / Victoria Heslop
Powerscourt (PR adviser to Maya Capital)
+44 20 7250 1446 / firstname.lastname@example.org
About Maya Capital:
Maya Capital is a pan-European real estate investment firm that elaborates dedicated niche investment strategies for its investors. Maya Capital has an entrepreneurial and hands-on approach, driven directly by the strong involvement of its principals. Over the last few years, Maya has deployed c.£165m of capital in UK regional commercial assets. Maya focuses on sophisticated strategies, and in value creating initiatives including asset repositioning, financial structuring and intensive asset and property management. Maya seeks opportunities resulting from special situations such as short leases, capex intensive assets or time-constrained purchases.