DTZ Investors buys four multi let estates

DTZ Investors has acquired four well established multi let estates for approximately £82.5million, reflecting a net initial yield of 6.4%.

The 850,000 sq ft estate portfolio includes Railway Triangle, Portsmouth; Brooklands Close, Sunbury; Beeches Industrial Estate, Yate; and Old Brighton Road, Crawley.

Kevin O’Connor, Senior Director at DTZ Investors, commented: “This was an excellent opportunity to acquire a well let portfolio of multi-let industrial assets that provides both short and medium term asset management opportunities”