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ACRE Strikes Record Yield for East London

By October 2020 Transactions

ACRE Capital have advised Legal & General on the sale of Viper Industrial Estate, Romford a prime multi-let industrial estate located in Greater London and positioned directly adjacent to the A12.

The property comprises a multi-let industrial estate, constructed in 2015 and extending to c.43,419 sq ft (GEA) across three units. It benefits from a clear internal eaves height of 8.0m, substantial service yards and excellent ESG credentials. At the time of sale, the estate was fully let with a WAULT of c.9.50 years to expiries and c.7.80 years to breaks.

The property was sold to the City of London Corporation for £12,000,000.

Location: Romford
Property Type: Multi-let Industrial Estate
Transaction Type: Sale
Client: Legal & General