Workspace Group has exchanged contracts for the sale of an east London industrial estate in Leyton, E10, to Capital Industrial One for £23m – a 4.8% yield.
The 135,544 sq ft estate was sold at a 25% premium to Workspace’s March valuation.
Chief executive Jamie Hopkins said: “We are delighted with the outcome we’ve achieved on this disposal. We saw significant interest in the site from a number of potential buyers and are pleased to have sold it at a substantial premium to its book value.”
