Prudential profit with Hollis Hockley in Hook

14 March 2008

Hollis Hockley, acting on behalf of Prudential Property Investment Managers have successfully sold Price House, Unit IV at Meridian Office Park in Hook to private investors at a figure of £890,000, which reflected an initial yield of 8%, with the building being let until 2015 at a passing rent of £71,000 per annum. 

Jeremy Nokes from the Hollis Hockley investment team was particularly pleased with the result "bearing in mind the current economic climate, the various press comments with regards to commercial property investments and to have concluded this transaction at a good level and on behalf of a major corporate client".

For further information please contact: jjn@hollishockley.co.uk