Diageo Pension Fund, advised by FPDSavills, has sold itsfreehold interest in The Quadrangle, Abbey Park Industrial Estate,Romsey, Southampton for £9.4 million ($13.25 million) to CoalPension Properties, a client of LaSalle Investment Management.LaSalle Investment Management Ltd was advised by DTZ Debenham TieLeung.
Completed in 1990, The Quadrangle comprises 126,283 sf of spaceover 11 units. Tenants include PIC Fyfield, Garmin (Europe) Ltd,Rentokil Initial services, BET Plc and Secro-Ryan. They generateaverage rental levels of between £5.40 ($7.25) per sf and £6.96($10) per sf.
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