Derby aerospace firm’s base sold for £5.6m

A 72,500 sq ft industrial unit let to Daher Aerospace in Derby has been sold to Custodian REIT, the Leicester property investment company, for £5.6m.

The unit has a lease expiring on 14 September 2031 with a current passing rent of £400,060 a year.

Richard Shepherd-Cross, managing director of Custodian Capital said: “We are delighted to have acquired this modern unit located in the developing logistics and distribution corridor of the A50. There is significant demand in the Midlands for high quality industrial units with good communication links. Given the affordable level of passing rent and the increasing cost of development limiting the supply of competing space, we expect this demand to lead to rental growth at the September 2021 rent review.”