Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Rodamco’s UK property company Haslemere Estates has sold 30 industtiral units in four location in East Kilbride, Scotland, to the Ashtenne Industrial Fund, the joint venture between specialist industrial investor Ashtenne and Morley Fund Management. The purchase price of £4.59 million ($6.7 million) reflects an initial yield of 11% with a current rental income of £535,140 ($776,000) per annum.

Ian Watson, Joint Chief Executive of Ashtenne said: ‘The properties are classic Ashtenne stock within an area where we already have critical mass.’

In July of this year, the Ashtenne fund acquired Helical Bar’s Scottish industrial portfolio for £15.1 million ($21.9 million). The portfolio is spread across the Scottish Central Belt from Glenrothes in the East, to Ayr in the West. The portfolio produced a rental income of £1.6 million ($2.32 million) per annum indicating a net initial yield of 10%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.