Allsop LLP - Industrial Sale - Bristol, Avon

Date: 13 May 2008

Allsop has sold Gordano, a multi-let industrial estate for £5,545m, on behalf of Credit Suisse UK Real Estate Fund.

Gordano is a modern 67,000 sq ft industrial estate in Portbury Dock, Bristol. Built in the 1990s, it comprises 14 units and generates £408,283 per annum reflecting £6.09 psf.

Scott Tyler, Partner at Allsop, comments: This is an important deal for the market. To achieve a sub 7% yield for a multi-let estate is unusual and will hopefully give confidence to the industrial sector and provide useful evidence to the investment market that prime deals are happening.

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