Dalgety Pension Trust has sold three freehold investments for just under £3m, as part of the rationalisation and reorganisation of its property portfolio.
The trust has disposed of 23 Middle Street, EC1, to clients of Howell Brooks for £1.075m at a yield of 11.77%. The 472 sq m (5,085 sq ft) office building is let to Oscar Faber Group at £130,000 pa.
Topland Group has bought 9/11 Consort Way, Burgess Hill, West Sussex for £1.05m reflecting a yield of 10.2%. The 1,871 sq m (20,146 sq ft) warehouse and office building is let to Whitbread & Co at £110,000pa on a 25-year lease from 1990.
A private client of Kinney & Green has bought Units A, B and C Newton Industrial Estate in Tewkesbury, Gloucestershire for £860,000 showing a yield of 10.35%. Tenant, Group 4 Technology is paying £91,500 pa.
Hunters acted for Dalgety while Stiles Harold Williams represented Topland.
EGi News 25/04/97
