March 2015

LexiconCole has acted on behalf a client in the acquisition of a 19,500 sq ft detached industrial property leased to Scania UK. The deal which showed a net initial yield close to 11% was concluded in an off market transaction. David Nicholson commented ‘the opportunity displayed strong property fundamentals. This locality has a strong occupier market and we believe that a unit with such a large yard will have great rental growth potential in the short to medium term.