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Hines get lucky with Project Clover acquisition

ACRE Capital, are pleased to have advised Hines on the off-market acquisition of Project Clover, a portfolio of three light industrial multi-let estates located in Guildford, Redhill and Wokingham, all strong South East markets.

The portfolio comprises 18 units let to 17 tenants and a weighted average unexpired term certain of 5.6 years. The estates are of modern post 2000 construction with total floor area of approximately 186,950 sq ft and an average unit size of 10,380 sq ft.

Location: Multiple South East Locations
Property Type: Light Industrial
Transaction Type: Acquisition
Client: Hines