SALMON HARVESTER SELLS AXIOM INDUSTRIAL ESTATE TO COLUMBIA THREADNEEDLE INVESTMENTS

July 20, 2018

Salmon Harvester Properties (SHP) has sold the first phase of its development known as Axiom on Orbital Park in Ashford, Kent, to clients of Columbia Threadneedle Investments.

The transaction was concluded off market and the sale price was £10.1M, reflecting an initial yield of 4.9% on the headline income. Occupying tenants include Howdens Joinery, Meggitt Safety, Forza Industries, Specialised Roofline Supplies and Hire Station.

Salmon Director, Pat Mahoney, said “This sale is the culmination of the complete development process from building out the scheme, leasing the units at record-breaking rents to disposing of the completed investment at a competitive price reflecting the strength of the industrial market.”

This sale leaves only 2.7 acres of land left for design and build development at Axiom.

SHP was advised on the sale by HSM and Columbia Threadneedle Investments by BNP Paribas Real Estate.

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