Aston Rose acquires Walton-on-Thames office development on behalf of F&C REIT Asset Management

Aston Rose has acquired Walton Lodge, a multi-let office development at Walton-on-Thames, on behalf of F&C REIT Asset Management. The development, situated on Bridge Street, comprises six self-contained offices units, totalling 13,913 sq ft, with 64 on-site car parking spaces. F&C REIT Asset Management purchased the freehold interest for £4.25m, reflecting a net initial yield of 7.75%. Colliers International acted on behalf of the vendor, Barwood Property Investment LP. Helvetica, sans-serif;”>NOTE: F&C REIT is one of the leading property fund and asset managers in the UK, highly experienced in the management of existing portfolios and in creating new balanced portfolios. Responsible for £6.9 billion (as at 31 December 2013) global portfolio of assets under management.