100% Prime Cambridge Acquisition

Forge are delighted to have secured a 100% prime, well‑let retail investment in the centre of Cambridge on behalf of a private, international buyer.

Located on the northern side of Petty Cury, in the heart of Cambridge’s historic retail core, the property is fully let to  Nationwide Building Society on a full repairing and insuring lease until 16th October 2033. This provides an attractive 7.5 years of secure, institutional grade income.

Jonathan Mills commented:

“We were delighted to secure this on-market acquisition for our private client amongst a highly competitive bidding environment. The property comprises one of the most attractive, freehold retail units in Cambridge and follows shortly after our recent purchase of a 100% prime freehold block in Oxford. These trophy assets rarely become available and we are therefore delighted to be able to secure them for our respective clients.”

Ian Webster Commented:

“We’re really pleased to execute our clients objective of securing well configured, prime space in central Cambridge with a compelling occupational story. Cambridge is going from strength to strength with a number of outstanding requirements and lack of stock which bodes well for rental growth in the medium/long term. Thank you to Chris Ward, head of lease advisory at Forge who assisted and made this deal a real team effort across Forge’s investment, agency and lease advisory teams.” 

For further information on this acquisition, or to discuss Forge’s upcoming investment and agency opportunities, please contact Jonathan Mills, Ian Webster or Joe Baio.