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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

Multi Let Industrial Estates in Hayes and Andover Sold for £4.6m

Two industrial estates that were purchased in 2013 have been successfully sold on behalf of Private Equity Clients of Red Kite to Clipstone Investment Management Limited, http://www.clipstone.co.uk/.

 

The sale reflects a net initial yield of 7.6% and a capital psf value of £90/sq ft.

 

Lewis Ellis LLP acted on behalf of Red Kite in the transaction and Clipstone were unrepresented having made a direct approach to Red Kite following an opportunistic meeting at the Cyril Leonard Property Cocktail Party!