PORTSMOUTH, UK-Highcross has purchased the virtual freehold of Titchfield Park, an industrial estate in Fareham close to Southampton, for a price slightly higher than GBP 6 million at a yield of 8.2% that includes acquisition costs. The Greater Manchester Pension Fund was the seller of the 121,690-square-foot industrial property consisting of five industrial units. In the deal, Hughes Ellard represented the seller, while Capita Symonds represented the buyer.
Hughes Ellard will continue to serve as the leasing agent of Titchfield Park. For the full story, go to PropertyMall .
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