Commercial Property News

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Friday, August 24, 2023

Galliford Try portfolio sells for 10m

Galliford Try, the leading construction and housebuilding business, has sold its Southern Office Portfolio on a sale and leaseback for 10m to a private Irish investor.

The portfolio comprises four office freehold properties, based in Bristol, Southampton, Harefield and Caterham. The four offices are to be leased back to Galliford Try for 15 years.

Hugh Elphick of Sanderson Weatherall, who advised Galliford Try, said, "This transaction reflects the level of demand that still exists in the investment market for good quality office buildings let to prime covenants."

Sanderson Weatherall advised Galliford Try, and Barrs Freer-Smith advised the Private Irish Investor.