Industrial acquisition success for Kavanaghs

December 4, 2018 10:27 am

KAVANAGHS COMMERCIAL PROPERTY MANAGEMENT are delighted to announce the acquisition of a blue chip industrial investment on behalf of private clients.

Stephen Brickell, Commercial Property Manager, commented “we are delighted to have successfully concluded the purchase of Building 8210 on the Gloucester Business Park on behalf of our client who is a private investment company. Our client was introduced to the property in an off the market deal and we were instructed to inspect the property and carry out an investment appraisal in a very short period of time. The market for investments on the park is strong, and having missed out the recent sale of the Post Office sorting office situated next door our client was keen not to miss out. The property is occupied by UPS who have just agreed a new long term lease.

I was delighted when terms were agreed just below £3million and that we have been instructed to manage the property as part of our growing portfolio.”

Kavanaghs offer a full investment search and acquisition service for clients, along with a comprehensive commercial property management service. For further information, or for a confidential discussion on any commercial management issues you may have, contact Stephen Brickell at Kavanaghs on 01225 341490.