Greenridge has completed the sale of the Clover Portfolio, a trio of industrial properties located in the North-West. The portfolio was acquired by Laxey Partners for around £5.3M, reflecting a net initial yield of 8.7%.
The portfolio comprises three buildings located in Deeside (Pictured), Swinton and Tyldesley, let to Elliott Group Ltd, Dedicated Microcomputers Ltd and Thyssenkrupp Materials UK Ltd respectively.
Commenting on the sale, Greenridge’s Bik Bhuptani said: “We continue to review the strategic disposal of some holdings on an ongoing basis now that demand is creeping back into the regions. However, our commitment to this marketplace means that we will continue to acquire new stock and will remain a net investor in the UK regional space”.
The vendor, Greenridge, was advised by JLL while Laxey Partners was represented by Galecroft Asset Management.
