Brookshire Capital Secures Brace of Industrial Assets
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.