Want Space Got Space - Offices, retail and industrial space Want Space Got Space - News about how to find and advertise commercial property to let, rent or sell in England, Wales and Scotland including Offices, Warehouse, Commercial, Manufacturing, Shops and Retail.

 

Categories:

Ignis Asset Management sells the Griffin Portfolio for £11.1m

wantspacegotspace.co.uk - Ignis Asset Management sells the Griffin portfolio for £11.1mBNP Paribas Real Estate has completed the sale of the Griffin Portfolio, on behalf of clients of Ignis Asset Management, for £11.1m to Milton Group.

The portfolio comprises four multi-let industrial estates and one food production facility, predominantly in the South East, with a combined floor area of 200,000 sq ft. The properties are located in Waltham Abbey, Esher, Harlow, Croydon and Sutton in Ashfield.

The portfolio’s initial yield is in the region of 8.3%, with potential for uplift following the letting of vacant units at Esher and Waltham Abbey.

BNP Paribas Real Estate’s head of national investment, Paul Griffiths, said: “We received strong interest in this portfolio, which offers opportunities to increase income through asset management initiatives, including letting of vacant parts, lease renewals/re-gears, refurbishment, redevelopment and potential change of use.”

Milton Group was advised by Montagu Evans.

Posted by The Editor (wantspacegotspace) on 27th April 2013 (updated 10/05/2013)

Back to news list

 Surrey  Leeds  Leicester  Derby  Nottingham  Birmingham  Manchester  London  Essex  Milton Keynes  Northampton 
 Kettering  Cardiff  Basingstoke  Dorset  Shrewsbury  Bristol  Southampton  Reading  Bolton  Coventry  Swansea  High Wycombe 
 Corby  Rugby  Worcester  Chelmsford  Lincoln  Bedford  West Sussex  Doncaster  Wolverhampton  Telford  Croydon  Slough 
 Cornwall  Solihull  Sittingbourne  Fareham  Watford  Portsmouth  Ashford  Greater Manchester  Luton  West Malling  Kings Hill  Middlesex