Enfield is witnessing a spate of industrial investment deals covering more than 120,770 sq m (1.3m sq ft) of distribution space.
ProLogis and Kennet Properties, advised by FPDSavills, have sold Innova Park in Enfield to Prudential Property Investment Managers for around £18m. Home to Londons largest speculative industrial building, Innova has another 5.2ha (13 acres) left to develop into offices.
Meanwhile, Gazeley Properties has sold its Delta Park scheme in Enfield into its joint venture with British Land. The BL Gazeley jv paid £13.5m for the park, which is Londons second-largest industrial park. Delta covers 8.9ha (22.1 acres) and 46,450 sq m (500,000 sq ft) is planned for the site.
Sources said News International is interested in a prelet on some of the space at the scheme at around £78 per sq m (£7.25 per sq ft).
Jones Lang LaSalle and Holley Blake are letting agents.
Sources also said that developer Astral has secured funding with an undisclosed party for a 9,755 sq m (105,000 sq ft) speculative industrial scheme at Edmonton Way in south Enfield.
See Saturday’s Estates Gazette for a fuller version of this story.
EGi News 10/08/01
