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Follow on Google News | Maybrook Industrial Park, Leeds acquired for £5.195mIn one of the largest multi-let industrial investment transactions in Leeds in recent years, Avon Capital Estates has acquired Maybrook Industrial Park from BNP Paribas Real Estate Investment Management.
By: Ryden The park is situated on Castleton Road just off the A647 and 1 mile from Leeds City Centre. It comprises two back to back terraces totalling 12 units and a single detached industrial unit, built in the 1980s. Tenants include Brake Bros, Just Car Clinics, Clear Channel UK and HWL Trade Frames. Matthew Edwards, investment partner at Ryden, who represented the purchaser said: “Maybrook Industrial Park continues Avon Capital Estates expansion in the North and offers tenants a quality product and good value for money.” Henry Shearer of BNP Paribas Real Estate Investment Management commented: “Following acquisition of the estate in 2009, we have implemented our asset management strategy, extending the lease with the largest tenant on the estate. This asset has delivered a strong performance over the hold period and the sale enables us to reinvest in new opportunities.” Graham Foxton, senior surveyor at BNP Paribas Real Estate, who acted on behalf of the vendor added: “We are pleased to have achieved a yield of less than 9% for this sale which emphasises investor demand in Leeds and reflects well against other regional cities.” BNP Paribas Real Estate Investment Management Ltd was represented by BNP Paribas Real Estate Ltd whilst Ryden acted on behalf of Avon Capital Estates. Searching for your own commercial property investment in Leeds? Then visit: http://www.ryden.co.uk/ -ends- Notes to Editors About BNP Paribas Real Estate BNP Paribas Real Estate is a leading international real estate provider. It offers to its clients a comprehensive range of services that span the entire real estate lifecycle: property development, transaction, consulting, valuation, property management and investment management. BNP Paribas Real Estate has local expertise on a global scale through its presence in 30 countries (15 wholly owned subsidiaries and 15 by its Alliance network, that represent today more than 2,500 people) with 3,400 employees. BNP Paribas Real Estate is a subsidiary of BNP Paribas with more than 150 offices. For more information: Real Estate for a changing world About Ryden Ryden is an independent commercial property firm operating a full-service practice. Service lines include Agency & Development, Investment & Finance, Professional, Building Consultancy, Property Management and Consulting. The firm is headed by Fiona Morton, Chairman and has around 140 people, including 31 partners and 21 associates. Ryden has offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness. Awards include: • EGi’s Most Active Agent in Scotland 2011 • EGi’s Most Active Industrial Agent in Scotland 2011 • EGi’s Most Active Office Agent in Scotland 2011 • CoStar’ • CoStar’ • Property Week’s Industrial Agency Team of the Year (Scotland) 2009 For more information see http://www.ryden.co.uk End
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