Barclays Staff Pension Fund, managed by Arlington have acquired Rockingham Gate in Cabot Park, Avonmouth from Landmarq LLP for a consideration of £8.5m, reflecting a net initial yield of 6.73%.
The modern industrial estate comprises 100,000 sq ft arranged as 4 units, fully let to tenants that include Bunzl & Expeditors Int and produces a current income of £603,947 pa with an estimated rental value of £660,947 per annum.
Franc Warwick acted for Landmarq BCM advised the purchaser.
References: EGi News 08/11/04
