Investment
Date
Property
Size (sq ft)
Tenant
Lease Term (break)
Rent p.a. (£psf)
Price
NIY
Purchaser
Jun 19
DPD, Vaughan Park, Titpon
71,375
DPD Group UK
25.00 yrs
£706,622 (£9.90)
£13.84m
4.75%
Alpha Capital
John Lewis Partnership, Enfield
85,000
John Lewis Partnership
11.5 yrs
£730,000 (£8.60)
£22.10m
3.10%
Hines Pan-Euro Core Fund
Birmingham 100, Birmingham
100,503
Primaflow
10.00 yrs
c.£628,000 (£6.25)
£12.48m
4.71%
Private Investor
Apr 19
FedEx, Bristol
49,120
FedEx UK Limited
7.00 yrs
£290,000 (£5.90)
£5.28m
4.38%
Nuveen
May 19
Booker, Acton
64,614
Booker
£700,000 (£10.80)
£18.9m
3.50%
Valor
No of Units (Tenants)
AWULT to Expiry (Break)
Rent p.a. (£ psf)
Elstree Distribution Park, Borehamwood
125,630
4 Units (3 tenants)
£1,174,000 (£9.35)
£30.45m
3.40%
Royal London
R32 Portfolio
1,848,347
32 properties (45 tenants)
7.90 yrs (6.70 yrs)
£7,107,043 (£3.84)
£100.30m
6.70%
M7 / Blackstone
Brackmills Industrial Estate, Northampton
273,843
32 units
5.65 yrs (3.95 yrs)
£1,508,105 (£5.51)
£28.25m
4.60%
M&G
Trident Industrial Estate, Hoddesdon
150,360
14 units (11 tenants)
6.02 yrs (4.26 yrs)
£991,147 (£6.60)
£21.85m
4.25%
Wyvern Industrial Estate, New Malden
50,699
3 units (1 tenant)
0.50 yrs
£531,121 (£10.48)
£11.80m
4.22%
Columbia Threadneedle
25 Years
4.10%
20 Years
15 Years
4.35%
10 Years
4.65%
5 Years
5.00%
Greater London
3.75%
South East
National
*Assuming an investment lot size in the region of £15m, let to a strong covenant at a market rent on institutional lease terms with open market rent reviews, not subject to indexation.
**Assuming a freehold industrial estate of institutional quality with an average weighted unexpired term of circa 5 years and let at market rate.