Brixton has topped up its Park Royal industrial portfolio in north London, paying £7m for the Bush Industrial Estate, Standard Road.
The deal represents a net initial yield of 3.4%.
The 1980s estate is situated behind Brixton’s Oakwood Business Park and 26-28 Chase Road, which together total more than 120,000 sq ft.
It comprises six industrial/warehouse units totalling 65,560 sq ft.
The largest unit of 33,550 sq ft is vacant.
Dexter Brown acted for the vendor, Allianz Cornhill, while Brixton was advised by Mills & Wood and CBRE.
References: EGi News 22/04/05
