Monarch acquires commercial portfolio for £100m for private client
Monarch Commercial advised a private client on purchasing a commercial portfolio totaling 1.3 million sq ft (120,770 sq m), in what is understood to be one of the largest mixed industrial real estate portfolio sales in the UK this year.
A private buyer has purchased the portfolio for a price in the region of £100 million, representing a net initial yield of approximately 6.75%.
The 18 properties, comprising 16 industrial assets and two office schemes, represent part of a portfolio owned and run by a long standing client of Monarch’s. The sale package includes the strategically placed 80,000 sq ft (7,432 sq m) Interchange Business Park in Newport Pagnell, Kayley Industrial Estate in Ashton-under-Lyme – totalling 161,000 sq ft (14,957 sq m) – and the 429,000 sq ft (39,854 sq m) Walker Park in Blackburn.
The whole portfolio sold comprises:
Tramway Industrial Estate, Banbury, OX16 5RW
Foxholes Business Park, Hertford, SG13 7QE
The Moorfield Centre, Guildford, GU1 1RA
Acre Road, Reading, RG2 0SU
Interchange Park, Milton Keynes, MK16 9PS
Wokingham Commercial Centre, Wokingham, RG41 2RF
Kayley Industrial Estate, Ashton-under-Lyne, OL7 0AU
Walker Park, Blackburn, BB1 2QE
710 Aztec Business Park, Bristol, BS32 4UF
1500 & 1600 Parkway North, Bristol, BS34 8RG
Greenhill Crescent, Watford Business Park, Watford, WD18 8JU
Dixon Way, Lincoln, LN6 7XN
Unit 1 Springhill Drive, Glasgow Business Park, G69 6GA
Trinity Industrial Estate, Southampton, SO15 0LA
Lynx Trading Estate, Yeovil, Gazelle Road, BA20 2PJ
Axis Park, Glasgow, G68 9HD
Grimshaw Park, Blackburn, BB2 3DJ
10 Palacecraig, Coatbridge, ML5 4RY