News

DTZ Investors, has acquired Admiral Hyson Industrial Estate in Bermondsey, London for £19.6 million.

The freehold vacant estate is set across 1.73 acres, comprising eight units totalling 41,684 sq ft which date back to the 1980s. The units have been stripped back to shell and core condition and will undergo extensive refurbishment and modernisation to provide Grade A accommodation. The proposed works, primarily focusing on ESG initiatives, will include significantly increasing the EPC to an A rating and will include the installation of PV panels on the roof, along with EV charging. Upon completion of the refurbishment, the estate will look to provide an exceptional last mile logistics facility within Zone 2 and under 5 miles from the City of London.

Dominic Whitfield, Director in the Savills industrial & logistics team, comments: “Situated in a prime zone two London location, the purchase provided DTZ Investors with the opportunity to acquire an estate with considerable asset management potential and significant rental growth prospects.”

Tom Royston, Director at DTZ Investors, adds: “We are delighted to have acquired Admiral Hyson Industrial Estate in Bermondsey, an exceptional strategic investment in a prime inner London location with significant value enhancement potential. This investment reinforces our continued confidence in the London industrial market, where our expertise enables us to deliver a high-quality sustainable asset that generates long term value for our client. We look forward to working closely with the project team to transform the asset into a best in class multi-let estate, unlocking its full potential.”

Jeremy Grundy, Levy Real Estate, acted for the seller.

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