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LONDON-Ashtenne is claiming the largest industrial investment deal in Scotland this year, buying Helical Bar’s Scottish industrial portfolio of over 420,000 sf across central Scotland.

.Ashtenne paid £15.1 million ($21.4 million) for the portfolio, currently producing £1.6 million ($2.27 million) per annum to show initial yield of just under 10%. Helical Bar bought most of the properties two years ago from Scottish Enterprise for £13.4 million ($19 million) and over that period it has managed the properties to increase the annual income by £250,000 ($350,000) per annum.

Chris Macfarlane, partner at King Sturge who advised Helical Bar said: ‘We received significant interest during the marketing of this portfolio, further highlighting the potential for excellent performance from Scottish industrials’.

Ashtenne was represented by Insignia Richard Ellis.

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