Built in 2001, the properties were let by way of an historic sale & leaseback to Ardagh Glass Limited. At the time of sale, there was an unexpired term of 9 years off a rent of £5.50psf and with the benefit of a fixed increase in 2021.
One of the primary challenges in marketing the Investment was the investor caution surrounding the macro location in Doncaster and the micro location of the properties in Flood Zone 3. Using a combination of our London Industrial Investment specialists as well as our local team we were able to redirect focus onto the high income return and further potential for growth due to the movement in Headline rents at Iport Doncaster. The property was sold to a joint venture between Brydell Partners and Investcorp for £18,200,000 reflecting 6.75% NIY.