Powell Lloyd has recently completed the sale of a portfolio of North and Mid Wales industrial estates on behalf of Dunedin.
The 6 estates include St Giles Enterprise Park in Newtown, Bala Industrial Estate and Treowain Enterprise Park, Machynlleth. In total the portfolio comprises 44 units providing a total accommodation of 65,669 sq ft (6,100 sq m). The units are let to a variety of national and local tenants.
James Sanders, Director of Powell Lloyd commented ‘ This sale shows that there is strong investor demand for decent, high yielding multi-let industrial estates across the UK.’
Dunedin acquired the properties as part of a larger portfolio purchase in 2015 and in line with their strategy have implemented active asset management to increase the occupancy and income profile.
The portfolio was purchased by a private investor for the asking price of £2.865m. Bolton Birch acted for the purchaser.