Developer announces £19.8m disposal of Crewe industrial park
Property development and investment company Total Developments has completed the investment sale of Apollo Park in Crewe to Aberdeen Standard Investments for £19.8m, achieving a Net Initial Yield (NIY) of 5.34%.
The sale coincides with the letting of unit one to logistics company, Core Fulfilment, which has agreed a 10-year lease at £6.50 per sq ft on 43,500 sq ft.
Located four miles off Junction 16 of the M6 motorway, Apollo Park comprises 169,000 sq ft of newly-built industrial accommodation across five units ranging from 12... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...