DTZ has advised Scottish Widows Investment Partnership (SWIP) on the £10.35 million sale of Buildings 200, 1100 and 1200 Aztec West Business Park, Bristol to Hansteen UK Industrial Property Limited Partnership.
The portfolio of assets including two modern multi-let industrial parks totalling 95,000 sq ft and 45,000 sq ft of multi-let office space. The properties are currently let on 25 leases to various tenants including Vodafone, Co-Operative, Integral and MITIE, with a annual rent roll of circa £1.3 million per annum.
Nick Allan, Senior Investment Director at DTZ in Bristol commented: “We are delighted to have acted on behalf of one of the UK’s leading institutions, Scottish Widows Investment Partnership on this complex portfolio sale to Hansteen. The assets have performed very well over the years largely due the location, the high quality nature of the assets and its management by SWIP and we anticipate they will continue to do so.”
Hansteen UK Industrial Property Limited Partnership was represented by Knight Frank.
