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Middle Eastern investor in for Sigma's Basildon HQ

By Paul Norman - Wednesday, June 13, 2018 15:00

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Middle Eastern investor Black Sand has bought Sigma House, Sigma's headquarters in Basildon from Legal & General for £28.25m.

The price paid reflects a net initial yield of 6.55%.

The 160,000 sq ft office is spread across four buildings let to Selex ES for a further 11 years with a total passing rent of £1,975,000 per annum.

L&G bought Sigma House as part of a portfolio of six predominantly South East office campuses from a Middle Eastern investor in 2015.

Knight Frank advised Legal & General; Toby D'Arcy advised Black Sand.

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