Industrial developer Saville Gordon Estates has sold five properties from its portfolio for a total of £8m, to various local, unlimited companies.
The properties are: a 104 sq m (1,119 sq ft) industrial unit at 24 St Mary’s Road, Plaistow, Essex; the whole of the 9,104 sq m (97,998 sq. ft) Greycaines Industrial Estate, Watford; a 344 sq m (3,703 sq ft) single retail unit at Queens Road, Hastings; a 3,251 sq m (34,995 sq ft) industrial unit at Davy Way, Llay near Wrexham and the 1,434 sq m (15,436 sq ft) Hampshire House at Kingswinford, Birmingham
Saville Gordon chief executive Roger Carey said: “We monitor the performance of our property portfolio constantly and these sales reflect this ongoing process. We are delighted with the surplus over book value that these sales have achieved.”
Agents advising Saville Gordon at the various deals comprise Jones Lang LaSalle, Churston Heard, Strutt & Parker and Drivers Jonas.
EGi News 07/06/01
