DELANCEY ACQUIRES 120 ACRE WEST HALLAM INDUSTRIAL ESTATE

Delancey is pleased to announce that it has acquired the freehold interest in the West Hallam Industrial Estate, Derbyshire for £18.65 million deal from Douglas Bay Capital. The purchase price reflects a net initial yield of 8.6%.

The 120-acre site, which provides circa 1.3 million sq ft of warehouse and logistics space across 106 buildings, is let to third party logistics operator TDG.

TDG has an eight year lease, and management agreement, at an annual minimum rent of £1.7 million per annum, which equates to £1.30 per sq ft overall. TDG operates distribution contracts for clients including Boots, Brakes, Rolls-Royce and Costa Coffee from the multiple buildings and open storage yards on the estate.

For more information please download our Press Release below.