The capital markets division at Lambert Smith Hampton has successfully transacted over £25 million of industrial and warehouse deals across the south coast over recent months.
Capitalising on the current strong demand in the UK industrial investment market, LSH has continued to build on its success in 2014, which saw the firm acquire Marchwood Industrial Estate, Southampton, for £89 million and West Ham Industrial Estate, Basingstoke, for £40 million.
In recent months, the team has successfully sold 2 Brunel Way, Segensworth, let to Crown Records, for £3.15 million to Standard Life. LSH has also sold D’Oriel House, Poole, on behalf of Circle Property, to Columbia Threadneedle for a price in excess of £4.4 million.
Recent acquisitions include an 182,000 sq ft distribution unit, let to The Co-operative with seven years remaining, at a price of £10.4 million on behalf of Columbia Threadneedle. The team has also secured the purchase of TNT premises at Nursling, Southampton for CBRE Global Investors at £4.3 million, and a sale and leaseback of the Barclay & Mathieson’s building in Winchester for £4.2 million on behalf of Clearbell Capital.
Jerry Vigus, Director of Capital Markets at Lambert Smith Hampton comments: “The team has been working hard in securing sales and acquisitions for clients, the majority of which have been off-market through our contacts. These transactions follow on from the success of 2014 where the team was involved in deals to the value of £240 million.
“We predict that the remainder of 2015 will see a hive of activity with a number of portfolios and industrial estates coming to the market. As with 2014 there will be pressure from institutions who still have cash resources to spend before 2016.”
