Helical's ownership comprises 422,243 sf, which spreads across the Scottish central region, from Glenrothes in the East to Ayr in the West, and is currently producing £1.6 million per annum. Ashtenne has agreed to pay £15.1 million for the lot off a yield of just under 10%.
The bulk of the properties were acquired by Helical Bar from the Scottish Enterprise for £13.4 million only two years ago, during which time the company has been active in increasing income flow by nearly £250,000 per annum.
Chris Macfarlane, partner at agency King Sturge which advised Helical Bar, said, 'We received tremendous interest during the marketing of this portfolio, further highlighting the potential for excellent performance from Scottish industrials.' Insignia Richard Ellis acted for Ashtenne.
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