Brookshire Capital, the property company subsidiary of the FTSE 250 investment trust, Caledonia, has recently purchased of two single let industrial properties from the Co-op.
River House, a 26,000 sq ft unit on Cray Avenue in Orpington, is let to Sepcac Ltd for further seven years while the second property is a 20,000 site in Croydon let to Jewson for a further six years. Both units were acquired for a combined value of £4.05 million. Gerald Eve LLP advised Brookshire on both transactions.
The two properties represent the latest of approximately 275,000 sq ft and £20 million of industrial assets acquired by the property company in the last 2 years and follow other recent deals in Bournemouth, Worthing, Aldershot and Rochester.
Neal Taylor of Brookshire, said: “As cash purchasers we have been able to move quickly to secure our recent acquisitions and offer certainty to vendors. We are actively pursuing further single and multi-let industrial assets, principally in the South, where we can identify opportunity for active asset management and prospects for growth”.
Co-op was advised by DTZ.