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ACRE success with Bedford buy

By December 2020 Transactions

ACRE Capital Real Estate LLP have advised CBRE Global Investors on the acquisition of AF Blakemore, Bedford.

The building is pre-let to AF Blakemore & Son for a term of 20 years from practical completion. The property extends to approximately 164,846 sq ft. CBRE Global Investors acquired the asset for £27,500,000 reflecting a net initial yield of 3.79%.

Location: Bedford
Property Type: Distribution
Transaction Type: Acquisition
Client: CBRE Global Investors