Keytec 7 Business Park, Pershore, Worcestershire, WR10 2JN
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£12,765,000
Jan 2025
Atlas Real Estate has recently completed on the acquisition of a modern multi-let industrial estate on behalf of Marchmont Investment Management and Invesco. This property has been incorporated into the Space Industrial portfolio.
The property is located in Pershore, Worcestershire, and comprises 64 industrial units and 6 office suites extending to a total of 139,104 sq.ft.
The estate was 95% let at the point of acquisition and is highly reversionary.
The purchase price of £12,765,000 reflected a net initial yield of 7.35% and a capital value of £91 per sq.ft.
Fisher German represented the vendor, Crown House Developments Ltd.
