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The Blog

Northampton industrial investment sold – Leo House

Tuesday 5th October, 2021

Acting on behalf of a private client TDBRE have completed the sale of a Northampton Industrial Investment known as Leo House, Ross Road. The property was sold at a purchase price of £3,200,000 representing a net initial yield of 8%.

Leo House is let to Dynamic Office Seating Ltd who have been in occupation for the circa 14 years.

Michel Nangia, CEO at AMK2 Real Estate said: “The acquisition of Leo House in the Golden Triangle is the latest phase in the growth of AMK2’s Real Estate industrial portfolio. We have an opportunity to add significant value to these units by capitalising on the robust existing landlord and tenant relationship and through an active asset management and refurbishment program replicating the success stories on our existing industrial portfolio. We are targeting additional value-add acquisitions including assets that we can reposition.”

The vendor was advised by TDBRE and the purchaser was advised by CBRE.

For further details on this investment contact (mark@tdbre.co.uk).