Acquisition — Avignon Capital acquires prime retail & office building in Reading


Avignon Capital has added to its UK portfolio through the acquisition of a prime retail and office building in Reading for £3.28m which represents a net initial yield (NIY) of 6.67%. The Grade II listed building covers 9,596 sq ft arranged over ground, basement, and three upper floors. The ground and basement floors are let to fashion retailer Joy and Skipton Building Society, with the upper floors let to a range of established office occupiers.