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%.
Property Type: Distribution
Transaction Type: Acquisition
Client: CBRE Global Investors