Regional disposals trim Accrue portfolio

Accrue Capital has sold five assets to take advantage of strong investor demand for well-let smaller lot sizes in the regional markets.

The property investment and asset management firm’s deals together are worth £10.42m.

Accrue has sold the 13,500 sq ft healthcare property James Reed House in Beeston, Nottinghamshire, for £3.36m, reflecting a 5.63% net initial yield, to Assura.

It has also sold: 95 Fetter Lane, in the City of London, which is let to Eat UK; Silverwing Retail Park, in Swansea; 55 Museum Street, in Warrington; and 7 Bridge Street, in Chester.

“The strength of higher-yielding regional properties will continue to support our investment proposition,” said Giles Patterson, investment director at Accrue Capital.

Accrue Capital specialises in acquiring portfolio assets and maximising value through asset management and selective disposals.

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