Schroders Capital has sold two fully-leased urban logistics estates to Prologis UK for £200m (€236m).
Schroders Capital said assets, located in Greater London, include the 162,000sqft Central Park property located on Central Way in Park Royal and the 200,000sqft Imperial Park asset located on Imperial Way in Watford.
The two estates spanning a total of 17 acres are leased to occupiers operating in diverse industry sectors.
Philip Scott, portfolio manager, Schroders Capital, said: “The disposal crystallises strong performance for our client following asset management activity at Central Park where a new tone of rent has recently been achieved.
“The disposal demonstrates our ability to position assets to meet continued strong demand for prime industrial assets against a backdrop of a more uncertain investment market.”
Schroders Capital Real Estate was advised by Gerald Eve.
John Rodgers, head of the UK Capital Markets and corporate finance teams, Gerald Eve, said: “The market dynamics have changed substantially over the last few months, driven initially from the increased cost of debt.
“However, the fundamentals driving performance for the industrial sector remain strong with high levels of liquidity for the very best in class assets in the sector.”
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