An industrial building in Basildon has been sold for more than £27million.

Savills, on behalf of Maya Capital, has completed the sale of Janus House in Basildon to M7 Real Estate and Kamco Invest for £27.8 million at Festival Leisure Park.

The headquarters office building provides 116,989 square foot of office accommodation over ground and two upper floors.

It is let in its entirety to FDR Limited, a technology company, until August 31, 2029.

James Vivian, Director in the UK investment team at Savills, said: “We are delighted to have completed the sale of Janus House on behalf of Maya Capital, who we’ve worked closely with from purchase, through the break and rent review and now the successful sale.

"Good quality long income assets are still being sought after by investors, particularly overseas investors who have been especially active.”

David Pralong, Founder and Managing Partner at Maya Capital, said: "This sale represents another successful exit in line with our regional office strategy.

"We remain keenly focused on the UK regions where we continue to see substantial investment opportunity through a combination of high yields and low market vacancy rates relative to London."