Salmon Harvester Opportunity Fund Acquires Deeside Industrial Investment

September 4, 2012

Salmon Harvester Opportunity Fund, the £150 million fund set up by Salmon Harvester and NFU Mutual,  has acquired an industrial investment in Deeside Industrial Park, Deeside, near Chester for £5.5 million, reflecting a net initial yield of 9.45%.

The 169,000 sq ft property is let to Excelsior Technologies on a 20 year lease from 2009 at a rent of £2.99 per sq ft (equating to £500,000 pa), which has a guaranteed minimum uplift at first review to £3.90 per sq ft.  

Matthew Meaden, Fund Manager of the Salmon Harvester Opportunity Fund said: “This property is well let to a strong covenant and has excellent potential to provide outperformance for our investors. The deal is our second purchase this year, and it reflects the widening of our investment requirements to include high yielding long dated income.”

Salmon Harvester Opportunity Fund was represented by Hoddell Stotesbury Morgan. Cushman & Wakefield advised the vendor.

-ends-

Latest News

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR