An investment deal involving the sale of a new 40,000 sq.ft bespoke unit, occupied by Meter Provida, at Markham Vale has now completed.
The unit has been purchased by the Oddfellows for their Unitised Property Fund from Henry Boot Developments. The sale completed in December 2015 for a total of £3.25 million, representing a net initial yield of 6.12%.
Meter Provida has moved it’s headquarter operations to the unit where they have taken a 15 year lease. This was completed after a 26 week build programme and is the first industrial unit developed by Henry Boot at Markham Vale West.
Ben Ward, Director of Henry Boot Developments commented
“Following our announcement of the completion of the Meter Provida unit towards the end of last year, we are pleased to also announce the investment sale to Oddfellows of Manchester.
This is one of a number of units at Markham Vale that we have sold as an investment, and represents strong demand and investor confidence in the scheme. We are looking forward to the further development of Markham Vale West and have recently launched Markham Vale North site. Work is also continuing on the 480,000 sq.ft unit to be occupied by Great Bear situated on Markham Vale East.”
If you would like to know more about opportunities at Markham Vale, please visit www.markhamvale.co.uk or contact one of the leasing agents below: