Craigard

Gloucester

SOLD MAY 2018
Bought for: £2.69m
Sold for: £4.9m
The Asset: Well configured high bay warehouse extending to 52,500 sq ft with expansion land

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Overview

The business plan was to explore a refurbishment and leasing strategy as it was identified the Tenant, Kohler Mira, was outgrowing the property. However, at lease renewal the tenant ultimately decided to agree to a new lease at a higher rent.

Investor demand in the industrial market was such that following careful analysis the decision was made to sell resulting in outstanding returns over the hold period.

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