L&G acquires Cheltenham industrial estate for £20.5m

By Emanuele Midolo2018-07-05T05:24:00

Legal & General (L&G) has completed the acquisition of Kingsditch Trade Park in Cheltenham for £20.5m from M&G Real Estate in a deal reflecting a net initial yield of 5.3%.

The park is thought to have attracted competitive bids from a number of funds. Located in the Kingsditch industrial area, the multi-let estate comprises 28 trade/light industrial units and totals 137,942 sq ft on a 7.9 acre site.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

Access up to four FREE articles per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue