Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Merivale Moore, the quoted property company specializing in Central London offices and South East industrials, has sold 15 properties over the past four months, raising a total of £6.2 million ($9 million).

Ten of the properties sold were acquired as part of the March 2001 take-over of Dunsterville Allen. The properties were mainly retail and industrial, with two residential properties. The biggest sale was an industrial building at 10 Roman Road, Cricklewood, London N10 which was sold for £2.75 million to an owner occupier.

And the process of reinvesting the proceeds has already begun. Merivale Moore has spent £2.35 million ($3.4 million) on units 1-7 Barnfield Road, Swindon, Wiltshire. The reversionary multi-let industrial estate totals 44,000 sf and the purchase price reflects an initial yield of 8.76%, expected to rise to 9.8% by December 2003.

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.