South Bermondsey industrial warehouse space sold in £16.5m deal

An industrial unit in South London has been sold in a multi-million pound deal.

Southwark-based property agent Henshall & Partners has sold a 1.4-acre warehouse unit for £16.5m to Legal & General’s Industrial Property Investment Fund.

The subject property comprises around 60,000 sq ft of warehouse space and is located in South Bermondsey.

The agent have now amassed nearly £30m worth of investment sales in the Southwark and South London area in recent weeks.

Chris Henshall, managing director of Henshall & Partners, commented: “We are happy to announce the successful sale of this industrial estate to Legal & General’s Industrial Property Investment Fund for £16.5m.

“The property was well let and generating a strong rental income. We were very pleased to act for a local landowner and secure a competitive yield at 3.9 per cent on this disposal. It marked a very active quarter for our team in Southwark in particular.”