Member Article

Six Yorkshire assets part of £215 million DTZ portfolio sale

DTZ has launched the sale of a prime, multi-let industrial and logistics portfolio known as The Ocean Portfolio, with a quoting price of £215 million, which includes six Yorkshire assets.

Acting on behalf of DTZ Receivers, the portfolio comprises 12 assets across the UK and Fradley Park, Lichfield, a 1.75m sq ft prime industrial and logistics park.

Other assets in the portfolio include: Follingsby Park in Gateshead; four assets in Leeds; two in York (which include York Business Park and properties at Clifton Moor); three in the North West (at Deeside and Blackrod Trading Estate in Bolton); Swinderby Industrial Estate in Lincoln; and a large distribution unit at Swift Park, Rugby.

‘The Ocean Portfolio’ and Fradley together generate a total rent roll of £15.6 million pax.

DTZ’s Charles Howard, Tim Cameron-Jones and Jason Winfield are advising on the portfolio, which is principally made up of prime logistics and manufacturing units, with a blend of smaller asset management and development opportunities.

This was posted in Bdaily's Members' News section by Clare Burnett .