E.ON UK plc, 2 Princes Way, Solihull, B91 3ES
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£12,500,000
Feb 2026
Atlas Real Estate, has successfully advised an institutional client on the disposal of an HQ office investment on Princes Way in Solihull.
The property comprises a 2003 built office building arrange over ground, and three upper floors, extending to 6,584 sq.m (70,870 sq.ft). The property is let in its entirety to Npower Commercial Gas Ltd, which a parent company guarantee from E.ON UK Plc, on a lease expiring on 31 December 2029. The lease is held on full repairing and insuring terms and the annual rent is £1,594,511, which reflects £22.58 per sq.ft.
The property was sold for £12,500,000 which reflected a net initial yield of 11.95%.
The property was sold to Praxis Capital, who was represented by Savills.
