07 November 2016
Telereal Trillium has completed the purchase of two multi-let industrial estates in Milton Keynes and Bilston, near Wolverhampton for a combined total of £11m.
Saxon Park, Milton Keynes is a well specified industrial estate comprising 12 units let to 10 different occupiers. The site benefits from its close proximity to the A5 and it is let off a low overall base rent.
Beldray Industrial Estate, Bilston near Wolverhampton is a fully occupied multi-let industrial estate. The estate has good access to the M6, and the asset offers good prospects for further rental growth.
Telereal Trillium were represented by Lambert Smith Hampton for the acquisition of Saxon Park and by ADS Real Estate for the purchase of Beldray Industrial Estate.
Paul Munday at Telereal Trillium said: “We are delighted to acquire both assets, which are in line with our preferred investment strategy of buying well-let industrial properties with asset management opportunities. We continue to look for further properties of a similar nature, as we see the industrial market across the UK continuing to tighten leading to increasing rents and lease lengths.”