Stonelake Industrial Estate, Charlton
Acquisition of 2 distribution warehouses for £6.75m from a Threadneedle Fund.
The units were let to high quality tenants on short lease terms at rents of around £7.00 per sq ft.
One unit was re-let after a minimal void at a rent reflecting £11.50 per sq ft and the lease renewed on
the other unit with no void at £11.25per sq ft which had a significant impact on capital value.