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Denby Sale Drives Total Return

By November 2019 Transactions

ACRE Capital have advised Aberdeen Standard on the sale of a high specification distribution warehouse at Denby Hall Business Park. The property is let to TechnoCargo Logistics until 2025 with an upcoming rent review in 2020.

The property was sold for a headline price of approximately £20,440,000, crystalising a total return for the fund of 12.60% per annum since the building was acquired in 2014. reported on the transaction here –

Location: Denby
Property Type: Distribution Warehouse
Transaction Type: Sale
Client: Aberdeen Standard