Knight Frank Investment Management (KFIM), acting on behalf of Lancashire County Pension Fund, has completed the acquisition of multi-let Walton Summit Industrial Estate, Preston for £7.8m from Anglesea Capital and Hudson Advisors, reflecting a 7.3% initial yield.
The 142,220 square foot estate is occupied by Evans Vanodine, Yodel and Three Nations.
Lewis Ellis acted for KFIM. CBRE represented the seller.
John Styles, Head of Fund Management, Knight Frank Investment Management, commented. “We consider this asset to be a good long-term strategic investment in the county of Lancashire.”
