Custodian REIT has sold an industrial unit in Milton Keynes at a 73% premium to its last valuation.
The REIT sold the 44,000 sq ft vacant unit to a “special purchaser” for £8.5m.
Custodian paid just £2.1m when it bought the building in 2015, paying an additional £900,000 to reclad, refurbish, replace the roof and raise the EPC rating from E to C.
The unit had been let to Saint Gobain for six years, which exercised its break option in June.
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