News
Lothbury Buys At Trafford Park
July 14, 2014
Lothbury Investment Management has bought a multi-let estate on Trafford Park from Harbert Management Corporation for £19.25m, at a yield of 5.75%. Premier Park was built by Segro and completed in 2008, with 21 industrial units totalling nearly 200,000 sq ft. There are 12 tenants on site, with three units currently void. Units range from 4,724 sq ft to 15,640 sq ft, generating income of £1.14m a year. Rents are charged at between £5.50/sq ft to £7.40/sq ft.
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