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Powell Lloyd advise on South Wales industrial portfolio acquisition

Friday, 22 October 2021

Powell Lloyd advise on South Wales industrial portfolio acquisition

PAI member Powell Lloyd has recently advised an overseas client on the investment acquisition of the Osprey Portfolio, a well let industrial portfolio comprising 4 properties located around South Wales.

James Sanders, Director of Powell Lloyd stated; ‘ The industrial investment market is extremely strong at the moment and this portfolio provided our client with a good return on properties that are located within close proximity to major conurbations with strong transport links.  The assets are all single let to solid tenants off a low average rent of £2.56psf therefore providing opportunities for future rental growth.’

The assets comprise; Elba Business Park and Fabian Way in Swansea, Henry Thomas House in Cwmbran and Unit 4 Abercanaid in Merthyr Tydfil.  In total the properties provide over 400,000 sq ft of industrial accommodation.  The portfolio was purchased for £15.2m showing a net initial yield of 7.25%.  

Knight Frank acted for the vendor, Edmond de Rothschild REIM