Investment
Date
Property
Size (sq ft)
Tenant
Lease Term (break)
Rent p.a. (£psf)
Price
NIY
Purchaser
Jul 19
Panattoni Park, Northampton
623,370
Eddie Stobart
15.00 yrs
£4,300,241 (£6.90)
£86.60m
4.65%
Gazeley
Aug 19
Manton Wood, Worksop
538,280
DHL
20.00 yrs
£3,004,911 (£5.58)
£67.00m
4.20%
Alpha Real Capital
Super G, Castleford
261,000
Puma
15.00 yrs (10.00 yrs)
£1,506,518 (£5.77)
£30.675m
4.60%
Equites Property Fund
Sep 19
Echelon Portfolio (8 properties)
995,106
Various
5.30 yrs (WAULT)
£5,378,516 (£5.40)
£75.40m
6.68%
Warehouse REIT
Haydock Green, St Helens
377,000
Movianto
£2,331,429 (£6.25)
£45.30m
4.82%
Warrington Borough Council
No of Units (Tenants)
AWULT to Expiry (Break)
Rent p.a. (£ psf)
Feltham Corporate Centre, Feltham
232,677
6 units (8 tenants)
8.86 yrs (7.40 yrs)
£2,253,761 (£9.85)
£44.90m
4.70%
Westbrook
Kingston Bagpuize Industrial Estate, Oxford
106,909
41 units (29 tenants)
4.22 yrs (3.12 yrs)
£933,222 (£8.73)
£12.85m
6.81%
Private Family Trust
1-3 Sergeant Industrial Estate, Wandsworth
51,958
8 units (5 tenants)
2.20 yrs
£690,700 (£13.29)
£28.13m
2.30%
Wandsworth Borough Council
Oxford Street Industrial Estate, Bilston
114,964
4 units (4 tenants)
10.90 yrs
£569,838 (£4.96)
£8.10m
6.60%
M7 / Blackstone
Meridian Portfolio
173,109
63 units (48 tenants)
5.41 yrs (4.13 yrs)
£2,043,055 (£11.81)
£40.00m
4.78%
25 Years
4.10%
20 Years
4.25%
15 Years
4.35%
10 Years
5 Years
5.00%
*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.
Greater London
3.75%
South East
National
4.75%
**Assuming a freehold industrial estate of institutional quality with an average weighted unexpired term of circa 5 years and let at market rate.