21   May,   2024

Greater London Industrial Acquisition

A client of DTZ Investors has acquired Pegasus Road, Croydon for £23,750,000. The freehold estate is fully-let to four tenants, The London Fire Brigade, Bunzl, Iveco and Brewers,  with a weighted unexpired term of c.10 years.

Ewan Stewart, Acquisition Manager at DTZ Investors said “We’re really pleased to have acquired Pegasus Road. Long leases to strong covenants at affordable rents in a core London location were particularly attractive. We hope this acquisition will be one of many this year for DTZ Investors, as we have several mandates with active capital to deploy for similar types of investments.”

DTZ Investors was represented by Lewis Ellis, whilst the seller, a UK Pension Fund, was represented by Clay Street.

For more information, please contact Gavin Richmond, Natalie Latour or Ewan Stewart at DTZ Investors.