Orchard Street buys two industrial assets for £28m

Orchard Street Nimbus Park Dunstable

Orchard Street Investment Management has completed the acquisition of two South East industrial assets in Dunstable, Bedfordshire, for £27.95m.

The properties were acquired from Pears Property on behalf of the St James’s Place Property Unit Trust.

Located on Dunstable’s Woodside Estate, the two assets are Nimbus Park, an eight-unit industrial estate totalling 139,103 sq ft, and the nearby 18,639 sq ft unit at 10/10a Foster Avenue, which together extend to 10.41 acres. The properties are fully let to a diverse tenant mix on average rents of £7/sq ft.

This content is only available to registered users

You must be logged in to continue

Gated access promo

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