Craigard Berkshire site sold for £7.7 million

Craigard Investments, advised by Jones Lang LaSalle and Molyneux Rose, has sold Craigard One, Aylesford Way, Thatcham, Berkshire to a client of Cushman & Wakefield Investors for £7.7 million, reflecting a net initial yield of 5.40%.

Craigard Investments bought the 69,128 sq ft building vacant in August 2005 and subsequently let it to Danish Bacon Company Plc on a 15 year lease with a 10 year break at £440,000 pa, which reflects £6.36 psf.

Cushman & Wakefield acted for Cushman & Wakefield Investors.

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