. The two largest estates--Imber Court at East Molesey in South-West London and the Trident Industrial Estate at Hoddesdon, Hertfordshire-- were sold to Coal Pension Nominees for £19million ($27 million). Purchasers of the other estates, located in Luton, Bedfordshire; Tunbridge Wells, Kent; Eastleigh, Hampshire and Ashford, Kent, included London Life, CCLA and Norwich Union Property Trust.
DTZ advises the Imperial Tobacco pension Fund. Director Tony Brothwell said: 'The policy of being overweight in the industrial sector has been of significant benefit to the fund over the past few years and we are taking advantage of the current strong investment demand for industrial property to reweight the portfolio'
Brothwell said the fund is now looking at lot sizes between around £4 - £8 million ($5.5 - $11 million) in the UK retail and office sectors.
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