Summary
Hansteen Property Unit Trust has acquired Saltley Business Park in Birmingham from LPA Receivers acting for Lloyds Banking Group for pounds 23.285 million.
Hansteen said the deal, which represents a net initial yield of 9.62 per cent, will enable the firm to add value through letting vacant units, re-gearing leases with existing tenants, upgrading and refurbishing units and reorganising underused car parking space.See the full content of this document
Extract
Pounds 23m Business Park Deal Done
The estate comprises a multi-let in...
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