A private client of Cew Capital LLP has acquired the freehold interest in two prime mid-box industrial assets in Buckinghamshire for a total of £13 million.
In Aylesbury, the private wealth investment management firm has bought the recently developed Unit 3 at Aesop Business Park from W Lamb for £8.9 million, reflecting a net initial yield of 4.89%. The 53,002 sq ft warehouse property is let to Hexatronic UK on a lease expiring in 2030.
Cew has also acquired Luna House in Milton Keynes from Milton Keynes GP for £4.1 million, reflecting a net initial yield of 6.20%. The 32,611 sq ft building is let to Parker Hannifin Manufacturing until May 2025.
Felix Hartley Russell, senior surveyor at Gerald Eve, said: “Both Luna House and Aesop Business Park are high quality, single-let industrial assets in core locations, acquired against strong competition. Providing resilient medium-term income to our client, they offer a good opportunity to secure longer lease lengths through asset management in the future. These are the first industrial acquisitions for the client.”
Gerald Eve advised Cew Capital on both transactions, while M1 Agency acted on behalf of W Lamb and Ereira Mendoza represented Milton Keynes GP.
