Brockton Capital, which co-owns The Mailbox in Birmingham (partnered with Dunedin Property) this week acquired 41 assets from Hansteen UK Industrial Property Unit Trust (HPUT) for £110.5m.
The portfolio of commercial property which stretches across England, Wales and Scotland, includes Falmouth Business Park and Pool Industrial Estate.
Today a spokesperson for Dunedin confirmed that South West Chartered Surveyors Miller Commercial would continue to be ‘sole agent’ for both business parks.
Rob Redgrave Head of Commercial Department at Miller Commercial said “We are flattered to yet again be retained as agents as a small part of this significant portfolio transaction.
Each estate had recently suffered losses of two major tenants, however half these units are have now been re-let and we have strong interest in the remainder.”
Earlier this year Miller Commercial were retained by a major pension fund to market 5 Cornish business parks when Hansteen Holdings sold its ‘Coast’ portfolio of 11 estates in the South West worth £76.4m.
Tony Edge of Brokton Capital said “We are delighted to have bought the HPUT assets in a continuation of our joint venture with Dunedin, through these corporate acquisitions.
This is a first class, geographically diversified portfolio with excellent credit risk and a wide range of properties for all types of light industrial, storage and business users across a range of sectors.”
