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London property fund Mayfair Capital snaps up £9.3 million Wakefield warehouse

London property fund management firm Mayfair Capital has acquired the Latitude 135 distribution unit near the Wakefield Europort for £9.29 million in a deal with Wilton Developments

Latitude 135 is located within Latitude Park, just off Junction 31 of the M62, as an extension to Wakefield Europort, which is home to other names including Asda, Argos, DHL, and TK Maxx.

Ben Hall, investment director at GVA in Yorkshire, acted for Mayfair Capital, the London-based property fund management business that has bought the asset in a deal that represents a net initial yield of 6.25%.

Ben Hall said: “Mayfair Capital is an active investor in the Yorkshire market, following its acquisition of the Albion Place retail development in Skipton earlier this year.

“With a shortage of quality industrial stock on the market, assets such as Latitude 135 are in high demand and it is pleasing to see further inward investment into the Yorkshire region.”

Jason Stowe, managing director of Wilton Developments, said: “The recent letting to Malcolm Group demonstrated the positive profile Latitute 135 has in the market and to follow this up with a sale to Mayfair Capital is extremely satisfying.”

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