Chesterfield Properties has sold a 55,740 sq m (600,000 sq ft) portfolio for £18.9m. The properties comprise five industrial estates.
Mars Pension Trustees paid £17.5m for a total of 50,351 sq m (542,000 sq ft) in four industrial estates in Hertford, Egham, Norwich and Newcastle.
The fifth one in St Albans, has gone to Lloyds Bank as trustees for Schroder Exempt Property Unit Trust. The proceeds will finance new and larger acquisitions.
- Financial Times 10/04/97 page 34
- The Times 10/04/97 page 30
