6 December, 2019
DTZ INVESTORS BUYS HATCH INDUSTRIAL ESTATE, BASINGSTOKE FOR £13,395,000.
DTZ Investors has successfully acquired Hatch Industrial Estate in Basingstoke for £13,395,000, reflecting an initial yield of 5.87%.
The prime multi-let industrial estate was constructed in 2007 and totals approximately 96,989 sq ft. The property is currently multi-let to seven tenants with a WAULT of 5.1 years to earliest expiries. The property offers strong rental growth prospects and is passing off a low average rent of £8.54 psf.
Tom Royston, Associate Director at DTZ Investors, said: “DTZ Investors are delighted to acquire this property, which fits with the funds strategy of acquiring well-located assets with diverse income profiles and into locations that will support long term sustainable income offering growth potential.”
Knight Frank acted on behalf of DTZ Investors.
Latest News
17 July, 2024
UK
DTZ Investors completes sale of The Place, High Holborn
30 May, 2024
UK
DTZ Investors Unlocks Exposure to Oxford Life Sciences Through Asset Sale
28 May, 2024
UK
DTZ Investors Named a Winner in the 2024 Avetta Customer Awards
21 May, 2024
UK
Greater London Industrial Acquisition