Custodian REIT snaps up National Grid offices

Leicester-based property investment firm Custodian REIT has bought the offices of National Grid at Castle Donington.

The 25,471 sq ft office building is part of a swoop for a £11.5m portfolio, with the other properties located in Cheadle and Wolverhampton.

Richard Shepherd-Cross, managing director of Custodian Capital (the company’s discretionary investment manager), said: “We are very pleased to have secured the Portfolio which is well aligned to our investment strategy, comprising good quality, smaller lot size, regional office and industrial assets.

“The properties are single let and occupied by strong tenants that are committed to the locations.

“The Portfolio also offers the potential for proactive asset management, with a number of opportunities identified and explored with stakeholders during the due diligence process.”