href=”http://www.eginew.co.uk/Articles/ArtIcle.aspx?liArticleid=446383″>J Saville Gordon’s newly acquired Rutland Industrial Estates has emerged as the buyer of the Hartlebury Industrial Estate at Kidderminster, near Worcester.
href=”http://www.eginew.co.uk/Articles/ArtIcle.aspx?liArticleid=446383″>Rutland is understood to have offered £26m for the 72.85ha (180 acre) estate which comprises 125,979 sq m (1,356,035 sq ft). The scheme has 123 tenants including Metsec and generates £2,943,332 pa income.
href=”http://www.eginew.co.uk/Articles/ArtIcle.aspx?liArticleid=446383″>The purchase forms part of Rutland’s £46.3m acquisition of major industrial portfolios from Peel Holdings and the Royal London Mutual Insurance Society. The portfolios generate £5.44m pa on 255,475 sq m (2.75m sq ft).
href=”http://www.eginew.co.uk/Articles/ArtIcle.aspx?liArticleid=446383″>At the same time the sale is in line with Peel’s plans to sell property valued at £160m to fund its development programme.
href=”http://www.eginew.co.uk/Articles/ArtIcle.aspx?liArticleid=446383″>EGi News 13/03/97
