News

DTZ Investors has successfully completed the off market acquisition of Units 8 and 10 – 12 Weir Road, Balham, a strategically located multi-let industrial estate in South London. The asset was purchased for £15,171,000, reflecting a net initial yield of 4.32%, with a WAULT of 10.8 years.

The estate comprises approximately 27,723 sq ft of industrial accommodation across three units with unit sizes ranging from c.6.5k sq ft to c.11.5k sq ft and EPCs ranging from B to C ratings. The estate is fully let to Travis Perkins, Howdens, and Haymans Gin.

Located on Weir Road in Balham, the estate offers excellent access to central London and surrounding commercial hubs. The acquisition aligns with DTZ Investors’ strategy to target urban logistics assets with strong rental growth prospects and long-term redevelopment upside.

Jo Jackson, Associate Director at DTZ Investors, comments: “Weir Road is a prime inner London industrial location, adjacent to the Fund’s existing ownership at Zennor Trade Park. The property benefits from reversionary potential and is let to three tenants with strong covenants”

M1 Agency represented DTZ Investors.

For more information, please contact Jo Jackson, Tom Royston and Benjy Carr.