News

DTZ Investors has completed the sale of Canon Industrial Estate in Milton Keynes to Chancerygate for approx. £28m, reflecting a capital value of approximately £147 psf.

Located in Wolverton, approximately four miles north of Milton Keynes City Centre, the estate totals 191,971 sq ft across 29 units on a 12.35-acre site.  The asset is let to 22 tenants and has an AWULT of 2.3 years to break and 3.8 years to expiry.

Jo Jackson, Associate Director, DTZ Investors, said: “We are very pleased to have successfully completed the sale of Canon Industrial Estate, Milton Keynes. The sale crystalises a strong outcome for our client, having acquired the asset back in 2019. The sales campaign was well received by the investment market and attracted strong investor interest.”

Newmark advised DTZ Investors on the disposal and Cushman & Wakefield acted for Chancerygate.

For further information, please contact Benjy Carr, Jo Jackson or Tom Royston.