David Samuel Properties has announced that it has completed the acquisition of Bridgend Industrial Estate from Zurich Assurance Ltd.
The estate occupies a quality location on the M4 corridor and comprises some 300,000 sq ft together with an additional 30 acres of development land. The estate is a mix of large standalone buildings with smaller estates together with ancillary retail and office space and benefits from a strong historical occupancy rate of 95%.
David Samuel Properties commented that the acquisition reflects our continued conviction in well-located industrial assets with strong tenant demand, attractive reversionary potential and resilient cashflows.
ACRE London acted on behalf Zurich and the Cardiff Investment agencies of Fletcher Morgan and Calan acted on behalf of the purchaser.