ACRE Capital have advised Valor Real Estate Partners on the acquisition of Westgate 40, a prime multi-let industrial/trade counter estate located on the A40 corridor in West London.
The property comprises a high specification modern industrial estate extending to approximately 130,364 sq ft. The property is let to established occupiers including CEF, Toolstation, Howdens, Travis Perkins and Selco Trade Centres. Relative to prime rents in the local market of £20 per sq ft, the average rent of £12.50 per sq ft provides excellent prospects for strong rental growth.
The property was acquired off market for approximately £29,500,000.
Property Type: Industrial / Trade Counter Estate
Transaction Type: Acquisition
Client: Valor Real Estate Partners