This 7.7 acre covered land development, strategically located close to both M40 and M25, was purchased by Lewis & Partners, on a joint agency basis with ACRE Capital Real Estate, for Jansons Property, a well known developer. The vendor was Coal Pension Properties Ltd c/o LaSalle Investment Management and this site offers a number of asset management opportunities, with a strong underwrite for industrial/distribution development.
Lewis & Partners advised a private property company on the acquisition of Heron Industrial Estate in Reading from Threadneedle Pension Fund. The property was multi let, with pricing reflecting circa £6m and 8% NIY.
Lewis & Partners advised a Private Investor on the sale of Leyton Industrial Open Storage Site, in London E10. The property was acquired by a Private Equity backed vehicle.
The 8 acre site was sold with effective vacant possession with pricing reflecting circa £48m
Lewis & Partners acted on behalf of Indurent on the acquisition of Newburn Industrial Estate from Aegon Asset Management. The property was multi let to numerous industrial tenants and the pricing reflected £9m and 8.5% NIY.
Lewis & Partners acted on the off-market sale of Gatehouse Way Industrial Estate, on behalf of a private investor, which was acquired by Paloma Capital. The property was multi-let, benefitting from a low site cover, with pricing reflecting circa £7m and 6% NIY.
Lewis & Partners acted for the vendor, a private family office, in the disposal of Quarry Wood Industrial Estate in Aylesford, to Patrizia. The property was multi let to numerous industrial tenants, at pricing level to reflect circa £38m and 5.5% NIY.