Mon, 22 Nov 2021 | COMMERCIAL PROPERTY
Real estate investment company, Schroder Real Estate Investment Trust (Schroder REIT) has announced it has paid £19.85 million for four industrial assets in the North West.
The acquisitions are for Valley Road Industrial Estate in Birkenhead, a manufacturing and recycling facility on Haydock Industrial Estate and two assets in Sandbach, Cheshire, which reflect a net initial yield of 6.9 per cent and a capital value of £53 per sq ft.
Valley Road Industrial Estate is a 10-acre estate and the acquisition reflects a net initial yield of 6.8 per cent, a reversionary yield of 7.8 per cent and a low average capital value of £60 per sq ft. The estate was valued at £11.4 million in the deal and tenants include Balfour Beatty, frozen food supplier KPFF and gift and voucher business Park Retail.
The Haydock Industrial Estate is 98,5551 sq ft and leased until January 2031 to Coral Product (Mouldings) Ltd, which was recently acquired by a subsidiary of the Canadian IPL Plastics Group.
Schroder REIT has let the two sites in Sandbach to Newfield Fabrications, a steel fabricating business for a combined £3.6 million. Once completed, SREIT’s net loan to value will be 34.7 per cent, with cash of £11.8 million and remaining undrawn loan facilities totalling £6.8 million.
One of the best ways to find properties below market price is to look at recent administrations.
Turnover of £1m, with an EBIT of £98k. Designs and manufactures high-quality bespoke awards and trophies, also providing a range of engraved off-the-shelf designs. Develops awards to clients’ specifications, meeting all budgetary and timescale requir...
LEASEHOLD
This well established bespoke manufacturer of doors and windows has been trading for over 35 years and is a successful family run business with an outstanding reputation in the sector and has the awards and recognition to back it up. The company prov...
LEASEHOLD
Turnover of £637k. Manufacturers, supplies and installs a wide range of commercial and medical curtain and blind products. Products and services include manufacturing and installation of commercial blinds and curtains including all related tracking,...
LEASEHOLD
|
16
|
|
May
|
Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE
Manx Financial Group Plc has announced the acquisition of Pa...
|
13
|
|
May
|
Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION
The US House Group modular housing joint venture has fallen ...
|
12
|
|
May
|
Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE
Bathroom and kitchen products firm Norcros has agreed a deal...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources