Cew Capital LLP has acquired the freehold interest in two prime mid-box industrial assets in Buckinghamshire for a total of €14.8m (£13m).
In Aylesbury, the private wealth investment management firm has bought the recently developed Unit 3 at Aesop Business Park from W Lamb for €10.1m (£8.9m), reflecting a net initial yield of 4.89%. The 53,002ft² warehouse property is let to Hexatronic UK on a lease expiring in 2030.
Cew has also acquired Luna House in Milton Keynes from Milton Keynes GP for € 4.7m (£4.1m), reflecting a net initial yield of 6.20%. The 32,611ft² building is let to Parker Hannifin Manufacturing until May 2025.
Felix Hartley Russell, senior surveyor at Gerald Eve, said: “Both Luna House and Aesop Business Park are high quality, single-let industrial assets in core locations, acquired against strong competition. Providing resilient medium-term income to our client, they offer a good opportunity to secure longer lease lengths through asset management in the future. These are the first industrial acquisitions for the client.”
