The portfolio comprises of nine assets, with a total of 308,816 ft², of industrial, office, health, retail and alternative accommodation. The portfolio includes the Clydesdale Bank Data Centre near Glasgow; Stephenson House, a purpose-built warehouse in Hamilton International Park; and Enterprise House in Lincoln, a fully-let office building.
Shaun Roy, Partner, Capital Markets, Knight Frank, said: “This portfolio offers an exceptional opportunity to invest in a diverse range of assets which have excellent long-term income returns, with six of the nine assets subject to fixed rental increases. Coupled with the covenant strength of the tenants, this income profile offers an easily geared and highly defensive return structure.”
The portfolio is let to nine tenants, with 77% of the income from tenants with a secure Fame rating, and has an average lot size of €9.6m (£8.36m). Eight assets are held freehold with one asset held long leasehold.