Mon, 22 Nov 2021 | COMMERCIAL PROPERTY
Real estate investment company, Schroder Real Estate Investment Trust (Schroder REIT) has announced it has paid £19.85 million for four industrial assets in the North West.
The acquisitions are for Valley Road Industrial Estate in Birkenhead, a manufacturing and recycling facility on Haydock Industrial Estate and two assets in Sandbach, Cheshire, which reflect a net initial yield of 6.9 per cent and a capital value of £53 per sq ft.
Valley Road Industrial Estate is a 10-acre estate and the acquisition reflects a net initial yield of 6.8 per cent, a reversionary yield of 7.8 per cent and a low average capital value of £60 per sq ft. The estate was valued at £11.4 million in the deal and tenants include Balfour Beatty, frozen food supplier KPFF and gift and voucher business Park Retail.
The Haydock Industrial Estate is 98,5551 sq ft and leased until January 2031 to Coral Product (Mouldings) Ltd, which was recently acquired by a subsidiary of the Canadian IPL Plastics Group.
Schroder REIT has let the two sites in Sandbach to Newfield Fabrications, a steel fabricating business for a combined £3.6 million. Once completed, SREIT’s net loan to value will be 34.7 per cent, with cash of £11.8 million and remaining undrawn loan facilities totalling £6.8 million.
One of the best ways to find properties below market price is to look at recent administrations.
Now on the market is a distinguished machining business that has carved a niche for itself in the manufacturing landscape by specialising in precision components, particularly catering to the demanding needs of the oil and gas sector.
Established in 1943, this is a contract packing and reworking specialist business that prioritises adaptability, offering flexible packing solutions to meet diverse customer needs while maintaining competitive efficiency and reliability. With a focus...
An opportunity exists to purchase the business and assets of a printed and embroidered clothing specialist operating in the North East of England.
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.