LONDON-Avon Capital Estates has paid Capital & Regional £11.35 million ($17.8 million) for a portfolio of three industrial estates with a combined income of over £1 million ($1.6 million), reflecting a net initial yield of around 8.8% This is the second such portfolio the fast-growing investment company has bought from Capital & Regional. ACE was founded in Summer 2002 by ex-Saville Gordon Chairman David Saville and ex-CSFB executive Ashley Whittome, and it has already amassed a £32 million ($51 million) portfolio.

The new portfolio consists of three sites. Twelve Quays in Birkenhead, Merseyside, comprises 60,000 sf in six units, and is fully let to tenants including Liverpool John Moores University and CML Group. Vanguard Court in Stockton, Teesside, comprises nine units totalling 71,700 sf. Five of the units are let to tenants including the interactive service provider Thus, while rents of about £3.75 ($5.90) per sf are being quoted for the remaining four units. And the Westerleigh Business Park in Yate, Bristol, provides 87,500 sf in ten units. With only two units vacant, tenants include Consignia and the McNaughton Paper Group.

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

© 2025 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 © 2025 ALM Global, LLC. All Rights Reserved.