In return for seven separate assets, SEGRO will obtain over £240 million. This move will enable the property investment business to make progress with fresh developments in the new year. A Roxhill platform is going to be relevant in this regard. The Chief Investment Officer at SEGRO, Phil Redding, told East Midlands Business Link:
“The sale of these assets marks the end of a successful period of ownership by SEGRO, generating a blended ungeared IRR since acquisition of approximately 11 per cent.”
It appears that the Lutterworth property now belongs to the Thor Equities Group and a subsidiary of a fund assisted by Morgan Stanley Real Estate Investing. When moving to a new location, businesses sometimes turn to local Print shops to help update company materials, including Business Cards and Letterheads.
Thor Equities Group has a stake in over 230,000 square metres of floor space as a result of the deal. It has been reported that the current rent associated with the portfolio as a whole is over £10 million.
In relation to the composition of the entire portfolio, it is noticeable that not all the assets are located within the East Midlands’ territory. For example, assets in Coleshill, Hoddesdon and Hams Hall are featured on the property list.Get a Free Quote for Business Cards Get a Free Quote for Letterheads Get a Free Quote for Print