Avon acquires industrial estates

Avon Capital Estates has purchased two industrial parks for £8.1m. It has bought Mainstream 47 in Birmingham from HSBC Property Investments for £4.5m, reflecting a net initial yield of 8%, and units 1-4 Pegasus Way on Bowerhill Industrial Estate in Melksham, Wiltshire, from Highcross for £3.6m, reflecting a net initial ...

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