SREF completes £17m Quadrant Park sale

Posted on 13 September, 2015 by Chris Grigorovsky

Schroder UK Real Estate Fund (SREF), has completed the sale of the Quadrant Park industrial estate in Hertfordshire, to Royal London Mutual Insurance Society for £16.8 million, refecting an initial yield of 4.95 per cent.

SREF-completes-17m-Quadrant-Park-sale

The prominent estate was built in 2006 and comprises 116,000 sq ft  of high quality warehouse space,  situated close to Welwyn Garden City station, providing  easy access to Central London.

Quadrant Park was purchased by SREF five years ago with the aim of reducing the vacancy rate from 50 per cent, and increasing rents against the backdrop of an expected improvement in the occupational market.

With the completion of the strategy, the estate is now fully let with an average rent of £7.50 per sq ft, and has provided a total return of 15.32 per cent per year.

Commenting on the disposal SREF’s Fund Manager, James Lass, said: “The total return from the asset has significantly outperformed the IPD Industrial South East index.

“The timing of the sale is in line with our strategy to crystallise strong performance and reinvest proceeds to generate higher returns.”

Knight Frank represented SREF, while JLL acted for Royal London Mutual Insurance Society.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants