16 September 2015
Telereal Trillium has purchased the Koito Unit, Droitwich from an undisclosed party, who were advised by ADS Real Estate Advisors for £9.93m (9.5% NIY).
The site, comprising 9.08 acres is located within the Hampton Lovett Industrial Estate, an established industrial location in Droitwich Spa. The unit is fully let to Koito Europe Limited, a leading manufacturer and supplier of automotive lighting systems worldwide. This is their UK manufacturing headquarters, which is located next to their distribution unit.
Graham Edwards, chief executive at Telereal Trillium said: “We are pleased to add this asset to our expanding property investment portfolio. This is a well-positioned property located in a region where there is strong demand for similar large industrial units, coupled with low supply.”
“The tenant has invested substantially in the unit and it is well suited to meet their long term operational requirements. We therefore anticipate working with the tenant to secure their long term future at the premises, whilst providing them with an effective operating platform to assist their expansion in Europe.”
“We are continuing to look for similar strategic investment assets that offer potential to add value to the business”.
Telereal Trillium has invested over £200m in acquisitions over the last couple of years.
Allsop advised Telereal Trillium on this deal.