Defensive South Coast Acquisition for M7

By October 2019 Transactions

ACRE Capital have advised M7 Real Estate on the acquisition of Fort Wallington Industrial Estate in Fareham. The property comprises a self-enclosed light industrial estate of 22 units extending to a total floor area of approximately 175,000 sq ft and is strategically located in immediate proximity to the A27 and Junction 11 of the M27 Motorway.

Fareham and the South Coast in general is suffering from an acute shortage of industrial supply with strong tenant retention rates and growth prospects.

The property was acquired for approximately £16,400,000.

Location: Fareham
Property Type: Light Industrial Estate
Transaction Type: Acquisition
Client: M7