Chartered Surveyors & Property Consultants

Loveday Acquire South Marston Park Warehouse

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Loveday Acquire South Marston Park Warehouse

Acting on behalf of Wesleyan Assurance Society, Chartered Surveyors and Property Consultants Loveday have secured the acquisition of Unit One, South Marston Park, Swindon’s premier industrial location.  The landmark warehouse, which is situated at the entrance to the estate, is in close proximity to the Honda Manufacturing Plant.  It provides 76,742 sqft of accommodation and is let to Yuasa Battery sales (UK) Ltd.   Alastair Andrews, Partner at Loveday commented “Opportunities to acquire investment opportunities at South Marston Park are rare and I am delighted to have been able to advise Wesleyan Assurance Society.  With the supply of warehouse accommodation in Swindon at a record low and with limited new development in the pipeline, there is a good prospect of rental growth which will further underpin the performance of the investment.”   The acquisition reflected a net initial yield of 6.53% and Jones Lang LaSalle acted for the vendor.   For further information contact:   Loveday Alastair Andrews alastair@loveday.uk.com 01793 423344

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