Boundary purchases Guildford office building

Boundary Real Estate Partners has acquired the 18,500 sq ft Hays House in Guildford town centre from Threadneedle for £7.875m.

The property is fully let to five tenants, including ISG, Neo Energy and Fireproof Studios. It has a WAULT of 5.7 years and recently set a rental tone of £36/sq ft.

Chris Lewis, head of office investment in the national capital markets team at Colliers, which acted on behalf of Boundary Real Estate Partners, said: “Hays House offers significant reversionary potential whilst benefitting from being fully let to a range of strong tenants, making it an attractive proposition for our clients. 

“The town centre office market in Guildford continues to be one of the strongest in the south east from both an investment and occupational perspective, with rental growth potential and a growing cluster of industries including blue chip, legal and the new names in gaming.”