Eskmuir Properties has bought a £45m (€50.5m) multi-let UK industrial portfolio from Legal & General’s Industrial Property Investment Fund.
Eskmuir said it has bought the Lunar Portfolio of eight assets, spread across the UK with a gross internal area of 497,715sqft across 96 units.
The portfolio, let to 78 tenants, includes Etna Court in Falkirk, Inkerman Street in Sunderland, Kingfisher Business Park in Bootle, Motorway Estate in Crick, Lincoln Road Industrial Estate in Peterborough, Spinney View in Northampton, Great Western Trade Park in Swindon, and Waterside Business Park in Witham.
Paul Hodgson, managing director of Eskmuir, said: “The Lunar Portfolio is a great opportunity to increase our weighting in industrial assets, a sector which is continuing to benefit from the rise in e-commerce and the need for storage space.
“Multi-let properties are particularly receptive to Eskmuir’s active asset management approach. The Lunar Portfolio’s split across the UK also fits in well with our own diversified portfolio of assets which are equally spread out across the country.”
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