LONDON-Equiton Industrial partnership has bought the 87,000-sf Falcon Park in Neasden Lane, London, NW10 from the Schroder Exempt Property Unit Trust for £9.632 million ($14 million).

The industrial estate of 11 units lies to the south of the busy North Circular Road in Neasden, North-West London, and was developed in 2000. The current income from the estate is £644,385 per annum which reflects a net initial yield of 6.3% increasing to at least 7.1% when the one vacant unit is let. The reversionary yield is 7.3%.

This is Equiton’s 23rd acquisition since its launch in October 1999, to invest on behalf of Brixton, Equitable Life and the Prudential. And asset manager Brixton says more purchases are in the pipeline.

King Sturge and Cardales acted for Equiton.

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


GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.