Aviva Investors are on the verge of acquiring the Aurora office building in Ealing, according to reports.
The institutional investor is on the verge of acquiring the 53,000 sq ft block from Moorfield Group for £38million – a price that would reflect a 5.5% yield.
The sale of the five-storey grade-A office, which is managed by XLB Property, has been triggered by two new lettings at the building.
IWG’s co-working provider Spaces has agreed a 29,000 sq ft letting on a 15-year basis at around £41/sq ft, while mobile operator Openwave Mobility has taken a 10-year lease on 7,500 sq ft of space at around £42/sq ft.
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