Schroders Capital has purchased Brackmills Central Industrial Estate in Northampton, UK, for £35 million (€41 million) in an offmarket deal on behalf of Greater Manchester Pension Fund (GMPF).
The 25,270 square metres property consists of 31 units ranging from 279 to 1,858 square metres in size, on a 7.7-hectare site. It has the potential for lease renewals in the next three years, while approximately 40% of the income is contracted outside the Landlord and Tenant Act (1954).
Schroders Capital also plans to modernize and improve the estate's energy efficiency to align with GMPF's ESG goals, taking advantage of the limited supply of similar properties in Northampton.
Source: propertyeu.info on the 11th of July, 2024