Diageo Pension Fund, advised by FPDSavills, has sold its freehold interest in The Quadrangle, Abbey Park Industrial Estate, Romsey, Southampton for £9.4 million ($13.25 million) to Coal Pension Properties, a client of LaSalle Investment Management. LaSalle Investment Management Ltd was advised by DTZ Debenham Tie Leung.
Completed in 1990, The Quadrangle comprises 126,283 sf of space over 11 units. Tenants include PIC Fyfield, Garmin (Europe) Ltd, Rentokil Initial services, BET Plc and Secro-Ryan. They generate average rental levels of between £5.40 ($7.25) per sf and £6.96 ($10) per sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
