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Equiton Partnership Buys West London Industrial Investment

LONDON-The Equiton Industrial Partnership, the limited partnership set up between Brixton, Equitable Life and Prudential Assurance has bought its 22nd estate, the 89,000-sf Mount Works Industrial Estate in Mount Road, Hanworth, West London.

By Graham Parker | Updated on December 05, 2001

LONDON-The Equiton Industrial Partnership–the limited partnership set up between Brixton, Equitable Life and Prudential Assurance’s subsidiary Edger Investments–has bought the 9,000-sf Mount Works Industrial Estate in Mount Road, Hanworth, West London from Shell Pensions Trust for £7.08 million ($10 million). This is the 22nd industrial estate acquired by Equiton.

The property which is located between Heathrow airport and the M3 motorway comprises 13 units, mainly built in 1972 and extended in 2000. Current rental income is £532,000 ($755,000) per annum with an estimated rental value of £672,000 ($955,000) per annum. The purchase price reflects a net initial yield of 7.1% rising on reversion to 9%.

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