In QuotedData’s morning briefing 1 March 2024:
- UK Commercial Property REIT (UKCM) has sold its 67,000 sq ft office building in Temple Quay, Bristol, to Tri7, a value-add real estate investment and asset management firm. 2 Rivergate in Temple Quay, Bristol, has been sold for £14.5m, which is in line with the 31 December 2023 valuation. The property is let for one more year to The Secretary of State for Levelling Up, Housing & Communities until March 2025. Tri7 has capital backing to deploy up to £250m on town and city centre regeneration sites that offer bed-led property development opportunities.