---
title: "BNP PARIBAS Real Estate Sells Rare South East Premier Inn Investment"
url: https://www.tafisher.co.uk/bnp-paribas-real-estate-sells-rare-south-east-premier-inn-investment/
date: 2015-07-17
modified: 2020-10-13
lang: en
author: "T A Fisher"
description: "Fishron Developments, a joint venture between Lamron Estates and T A Fisher, has completed the sale of a new 81-bed Premier Inn hotel in the centre of Basingstoke, Hampshire. The..."
categories:
  - "Commercial & Investment"
  - "General"
image: https://www.tafisher.co.uk/wp-content/uploads/2026/05/plot-54-potm-1024x609.jpg
word_count: 174
---

# BNP PARIBAS Real Estate Sells Rare South East Premier Inn Investment

**Fishron Developments, a joint venture between Lamron Estates and T A Fisher, has completed the sale of a new 81-bed Premier Inn hotel in the centre of Basingstoke, Hampshire.**

The sale to CBRE Global Investors for a purchase price of £7,660,000 reflects a net initial yield of 4.75%.

Premier Inn Hotels Ltd signed a 25-year lease on the hotel, with an option to break at year 20, on completion of the development in June this year. The commencing rental is £385,000 pa with uplifts on a five-yearly basis to CPI, capped at 4% pa.

Paul Griffiths of BNP Paribas Real Estate, who acted for Fishron, commented: *“We are delighted to have concluded this off-market transaction to CBRE Global Investors.*

*“New Premier Inn hotels with a term certain of 20-years on the lease are rare in the southeast of the UK at the moment. The completion of the development was well timed for sale into a market where strong demand exists from pension funds looking for long-term, indexed income.”*

Chris Freer-Smith acted for the buyer.