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.

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