Equitix investment: £50 million
Financial close: December 2018
This project comprises the acquisition of the freehold interests in Crickhowell House, a modern 25-year-old office accommodation facility located in Cardiff Bay. The asset reached practical completion in 1993, providing back office and debating chamber facilities for the Welsh Assembly and ministers of the Welsh Government.
The project has a remaining lease period of 13.25 years from acquisition, over which period EF IV will earn stable investment returns.