£44.3m portfolio buy for Capital Industrial One 04.11.14
Levy Real Estate’s Industrial team has advised Capital Industrial One on the £44.3m purchase of 10 industrial estates across London.
The London Collection was purchased from Workspace plc and comprises 281,500 sq ft of space and 135 tenancies across estates in Ilford; Barking; Feltham; Ashford; Stonebridge; Harrow; Lewisham; South Bermondsey; Loughborough Junction; and Battersea.
Levy Head of Industrial, Simon Higgins, commented: “Capital Industrial One has been looking to acquire industrial assets in the London area to hold and manage long-term with a focus on income.
“Our existing knowledge of Workspace’s holdings plus an understanding of CIO’s requirements enabled us to identify the opportunity at an early stage and evaluate the assets in the portfolio and make a detailed recommendation regarding acquisition.
This is the second transaction completed for CIO the Levy team having advised in June on the £4.15m acquisition of Unit 4 at the Wandsworth Trading Estate.