Case Studies

Iceni Court, Letchworth, Herts

Acting on behalf of a private client we sold a 32,500 sq ft industrial estate to Canal & River Trust for £3.4 m 5.2% NIY.

The estate is fully let to four tenants with an WAULT of 3.8 years and total rent passing of £189,000 pa. The units are under-rented and the purchase reflects a reversionary yield of 6.72 %.

The industrial multi-let market remains strong particularly for South East stock. Please contact Jeremy Grundy or Gavin Quinn to discuss the industrial and logistics investment market.

Levy Case Study - Iceni Court, Letchworth, Herts

Alpha House, Durnsford Road Wimbledon SW19

On behalf of clients, Capital Industrial , Levy’s Industrial team acquired this single let storage and distribution facility let to Cadogan Tate situated on Durnsford Road, Wimbledon.

The 45,264 sq ft warehouse with mezzanines is let on a 10-year lease at an annual rental of £500,000. The purchase price of £11.05m included a single residential unit and equated to a net initial yield of 4.42%.

Orbital Park Ashford

Levy’s Industrial team advised on the sale of a 112,449 sq ft warehouse building on Orbital Park in Ashford, Kent to CCLA Investment Management for £8.42m.

Unit M is  let to Menzies Distribution and Brookes Homes Developments and currently produces annual income of £606,436 which equates to £5.39 per sq ft overall. The investment has a 4.8 year WAULT and its sale reflected a net initial yield of 7.22%.

GeoPost UK, Warth Park, Northants

Advised by Levy’s Industrial Team, Riverside Capital sold a logistics investment in Northamptonshire in an off market deal for £8.20m, reflecting a net initial yield of 4.85%.

The freehold industrial unit in Warth Park, Raunds totals 42,528 sq ft and is let to DPD UK Ltd until 2028. The property was acquired for Riverside by Levy in September 2013 by way of a forward  commitment at 7.29% net initial yield.

£44.3m London Industrial Portfolio Purchase

Levy Real Estate’s Industrial team advised Capital Industrial One on the £44.3m purchase of 10 industrial estates across London.

The London Collection was purchased from Workspace plc and comprised 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.

The acquisition involved the comprehensive analysis of each estate which drew on the our team’s expert knowledge of the London industrial market.