Size: 535,000 sq ft
Exit: The property was sold to Hermes Investment Management in January 2016 for £36,000,000.
Partner: The Poole Trust Unit c/o Clearbell
A prime multi let Industrial Estate comprising 535,000 sq ft of industrial and office accommodation.
- To undertake a rolling refurbishment, redevelopment and lease re-gear programme acting as asset, development and project manager.
- Developed master plan to achieve an additional 150,000 sq ft.
- Re-geared 90% of leases establishing new rental tone.
- Pre let 30,000 sq ft to national covenant.
- Modernised the Estate, drove rental growth, extended lease length and reduced vacancy to zero.
- Created a new access road off Waterloo Road.