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Knight Frank’s Bristol office acquires £26m industrial estate portfolio for Commercial Estates Group

wantspacegotspace.co.uk - Knight Frank’s Bristol office acquires £26m industrial estate portfolio for Commercial Estates GroupActing on behalf of Commercial Estates Group, the Bristol investment team of Knight Frank has acquired four multi-let industrial estates from industrial specialist SEGRO in a £26m deal.

The Galahad portfolio, which includes Pucklechurch Trading Estate in Bristol, as well as three other sites in the Midlands and North West, totals 875,000 sq ft and was bought for a yield of 13.40%.

Vendor SEGRO was advised by CBRE.

Steve Oades, head of Knight Frank’s Bristol office, led the team that secured the acquisition.  He said; “We are delighted to have advised CEG on this purchase and we see plenty of scope to add further value through active management. “




Sector                                     4 multi-let industrial estates
Price                                        £25.95 million
Yield                                        13.40%
Tenure                                    3 freeholds & 1 long leasehold
Total Area                             882,827 sq ft
Rent                                         £3,677,678 pa


•    Pucklechurch Trading Estate, Bristol
•    East Midlands Cargo Centre
•    Pembroke Court, Runcorn
•    Lymedale Cross, Newcastle under Lyme

Vendor                                   SEGRO
Purchaser                              Commercial Estates Group

Posted by The Editor (wantspacegotspace) on 21st February 2013 (updated 22/02/2013)

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