13th Apr 2007 11:21
Brixton PLC13 April 2007 13 April 2007 BRIXTON BUYS AT TRAFFORD PARK Brixton plc has bought the Pisces Industrial Estate at Village Way, TraffordPark, Manchester for £5.765m from ING UK Real Estate Income Trust Ltd. The 65,600 sq ft estate, which was completed in 1998, comprises two units let toBoots The Chemist and CMP Batteries at a total rent roll of £328,704 pa. Thepurchase shows a net initial yield of 5.4%, and an equivalent and reversionaryyield of 5.7%. The estate directly abuts Brixton's Mosley Industrial Estate. The company'sownership in Trafford Park now extends to more than 2.4m sq ft of industrial andwarehouse space on 140 acres. King Sturge advised Brixton on the purchase whilst the vendor, ING UK RealEstate Income Trust Ltd, was represented by GVA Grimley. For further information contact: Tim Wheeler Chief Executive 020 7399 4526 Duncan Lamb Communications 020 7399 4535 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Picton Prop