Martley Capital buys third industrial asset into the Greykite Multi Let Industrial Platform
Martley Capital buys third industrial asset into the Greykite Multi Let Industrial Platform
Acquisition Alert! Martley Capital is thrilled, alongside our partner GREYKITE, to have completed a third acquisition on behalf of Lagerhome, GREYKITE’s Multi-Let Industrial platform. Renfrew Trading Estate in Glasgow comprises nine units and is currently 83% let with a WAULT in excess of 3.4 years, providing an opportunity to drive income through letting the vacant units.
The transaction is the latest step as we look to rapidly scale Lagerhome UK into a leading multi-let industrial platform, through an aggregation strategy, and the team have identified an exciting near-term pipeline.
Rory Finnan, Managing Director at Martley Capital: “This asset is another great addition to the Lagerhome platform. The property was acquired for a low capital valuation per sq ft and provides good reversionary potential, with ERVs substantially higher than the passing rent.”
Martley Capital and Greykite were represented by Savills.
CONTACTS:
Rory Finnan, Martley Capital
Eloise Turton, Martley Capital
