commercial property lambert smith hampton

News - 14/08/2014

LSH advises Helical Bar on Rockspring portfolio purchase

Lambert Smith Hampton has advised Helical Bar on its £29.7m acquisition of a portfolio of 11 industrial and distribution warehouse assets from Rockspring Property Investment Managers.

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The portfolio, with a total floor area of circa 460,000 sq ft, comprises seven multi-let industrial estates located in Gloucester, Northampton, Milton Keynes, Bedford, Slough and Barking and four single let distribution warehouse properties in Bolton, Telford, Cardiff and Rugby.

The aggregate annual rental income of the eleven assets is £2.4m and key tenants include Booker and Parcelpoint. 

Nick Lloyd, Director, Capital Markets, said: "This is the second time that Lambert Smith Hampton has advised Helical Bar on a major portfolio acquisition in the past year, having supported the company’s £48.6m purchase of the Quartz Portfolio in 2013.

"The acquisition of this regional industrial portfolio is another example of LSH using its unrivalled sector and national expertise to deliver results for some of the biggest names in the industry." 

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