Trio of industrial units sold for £20m
Property developer Helical has sold three industrial units, two of which are in South Yorkshire, for £20m.
The logistics assets, at Aspect Way in Doncaster (122,600 sq ft), Sandal Stones Road in Doncaster (153,500 sq ft) and Wyatt Way, Thetford (127,600 sq ft), have been sold to a fund managed by Clearbell Capital.
Helical said the sale, at a combined 4% premium to September 2017 book value, is in line with its “strategic shift” to concentrate on office developments and investments in London and Manchester.
Tom Anderson, senior investment executive at Helical, said: “These recent sales are another step along the way for Helical as we focus our portfolio on primarily office-led activity within London and Manchester. The sale follows a series of non-core disposals including our retirement living and retail assets.”
CPP Partners acted for Helical.