Search
 

Saville Buys Industrials in the North East

LONDON-Avon Capital Estates, the new vehicle for ex-Saville Gordon MD David Saville, has bought an industrial portfolio in the North East from Capital & Regional and Easter Holdings for Pounds 11.15 million ($17 million).

By Graham Parker | Updated on September 03, 2002

LONDON-Avon Capital Estates, the property company set up by David Saville after his departure from the Managing Director’s seat at Saville Gordon Estates, has paid £11.15 million ($17 million) for a portfolio of three properties in the North East of England. All three have been developed in the last five years by Easter Developments and Capital & Regional.

The portfolio is made up of: the 160,000-sf Boldon Business Park in Newcastle Upon Tyne, with fourteen tenants producing £689,000 ($1.07 million) per annum; the 61,000-sf Teeside Industrial Estate in Thornaby, Middlesbrough, where three tenants pay £227,000 ($350,000) per annum and a 35,000-sf unit on the Nelson Industrial Estate, Cramlington, Newcastle Upon Tyne occupied by Europa Magnetics at a rent of £123,000 ($190,000) per annum.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.