Aberdeen Property Investors - Industrial Sale - Eastleigh, Boyatt Wood, St Georges Industrial Estate

Date: 19 Aug 2002

Aberdeen Property Investors, on behalf of Barclays Bank (UK) Retirement Fund, has sold the freehold investment in St Georges Industrial Estate, Boyatt Wood, Eastleigh to the Royal London Exempt Property Unit Trust managed by Royal London Asset Management for £3.2 million, reflecting an initial yield of 7.69% and an equivalent yield of 8.01%.

The 1970s industrial estate is situated close to Junction 13 of the M3 and comprises approximately 50,000 sq ft (4,645 sq m). It is let to a variety of tenants, which include ANC Ltd, Comet Group Plc and Wolseley Centres Ltd, on a combined rent of £260,396 per annum.

Aberdeen Property Investors was advised by Merriam Bach while Royal London Asset Management was advised by Phipps Buchanan Neve.

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