Situated in a core East Midlands market, adjacent to A6 & A421 and close to J13 of M1.
Acquired in Q2 2017, off-market.
A 30-acre site with 456,000 sq ft of multi let industrial and warehouse accommodation.
Sinc 450,000 sq ft of new lettings have been completed. The WAULT increased by 6 years and the headline rent by 94%.
170,000 sq. ft of new build construction has been completed across three units, 52% of which was pre-let, with all leases signed for a minimum of 15-year straight terms.
As a result of this asset management success, the asset value has increased by 215% from purchase.
BlackRock / Welland