Delancey Real Estate (Delancey), a leading UK-focussed investment, asset, and development manager, has announced the successful sale of Trafalgar Trading Estate in Enfield, London for £27.45 million, reflecting a net initial yield of 3.73%. The sale is the latest divestment to have been completed on behalf of Delancey’s client, a domestic pension fund.
Trafalgar Trading Estate comprises 11 units totalling over 79,000 sq ft of industrial space. Located in the Brimsdown Business Area of Enfield, the site benefits from close proximity to M25 (J25) and the A406 North Circular. Key occupiers include Rexel, Fairfax London, and Howdens.
The multi-let industrial park was acquired by pan-European logistics investor Valor Real Estate Partners in an off-market transaction. Gerald Eve advised Delancey, while DTRE advised Valor Real Estate Partners.
Source: press release sent 7 Oct 2024