LaSalle Investment Management ("LaSalle") today announced the completion of the purchase of the Halfords and Maplin units, on Winchester Road, Basingstoke, Hampshire, for £6 mln. (approx. 7.8 mln.) on behalf of one of its pension fund clients.
The property comprises a 19,011 ft² (approx. 1,760 m²) retail warehouse that is split into two units and located on the main roundabout within the retail warehousing area of Basingstoke. 4,358 square feet is let to Maplin Electronics until 23 June 2026 and 14,702 ft² is let to Halfords Ltd until 28 September 2021.
LaSalle was advised by King Sturge on this transaction.