INVESTMENT AQUISITION

 

Waterside Business Park, Leeds

Client: Town Centre Securities plc

 

  • Multi-let Industrial Estate

  • 77,400 sq ft

  • £4.48 million

 

Acting on behalf of Town Centre Securities, GV acquired Waterside Business Park from CBRE Global Investors.

The property comprises three modern, detached distribution / industrial buildings totalling 77,400 sq ft.

TCS acquired the estate in Feb 2015 for £4.48 million reflecting a net initial yield of 7.25%.

Post-acquisition GV identified and concluded an immediate asset management opportunity adding value and providing reversionary rental evidence and increasing the tone of rents on the estate by circa 23%.

 

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