Slough Estates International (SEI) has sold seven sheds and an office building to investment and asset management group Catalyst Capital for £30.8 mln (EUR 45.8 mln). The transaction includes two investments at Southfields Industrial Estate in Basildon, southern England.
Slough Estates International (SEI) has sold seven sheds and an office building to investment and asset management group Catalyst Capital for £30.8 mln (EUR 45.8 mln). The transaction includes two investments at Southfields Industrial Estate in Basildon, southern England.
Jupiter 1 is a former gin factory dating from the 1980s. It has been transformed into three warehouses and an office block providing some 28,856 m2. Juniper 2 comprises four modern industrial buildings completed in 2003 that offer some 11,292 m2 of accommodation. The price reflects a net initial yield of 7.26%, including rental guarantees, the firm said in a press release.
Property consultant King Sturge advised SEI and Franc Warwick acted for Catalyst Capital.
