A premium office building in Swindon has been sold in one of the biggest property investment deals in the South West this year.
Washington House, which has 26,869 sq ft of office space, has sold for £6.25m by one overseas investor to another who shrugged off Brexit fears to seal the deal. 
The freehold property at Lydiard Fields, is occupied by Openwork Holdings, a wholly owned subsidiary of Zurich Assurance, on a 15-year lease.
The building was previously owned by Singapore-based property investment firm Mount Sophia.
The sale was handled by national property consultancy Lambert Smith Hampton (LSH), which said it reflected the strong market in Swindon and that the UK remained attractive to foreign buyers, despite the EU referendum result.
Mount Sophia director James Cook said: “We are delighted to have concluded a sale of this asset, with the support of both Lambert Smith Hampton and the legal team at Wedlake Bell.
“The transaction closed within six days of agreeing heads of terms, at a price that reflected excellent value for Mount Sophia. We continue to look for similar investments where we can deliver exceptional returns to our investors.”
LSH regional head Darren Sheward added: “This transaction concluded in the midst of Brexit uncertainty. This illustrates that the UK remains an attractive home for investors, and that values are holding well within the regional markets.
“Washington House is a high-quality office building located on Swindon’s premier out-of-town business park, just off junction 16 of the M4. It is let to the strong covenant of Openwork Holdings.”
Washington House has been accredited with a BREEAM ‘very good’ rating. The building’s specification includes air conditioning, fully accessed raised floors, a 13-person lift and full-height feature glazing.
