Leading investment manager, Aberdeen Standard Investments (on behalf of UK Commercial Property Estates Holdings Ltd), has sold M8 Industrial Estate, Coatbridge to Northwood Investors.
The estate comprises 18 units, extending to an overall GIA of 288,781 sq.ft. Key tenants include Boots UK Ltd, City Plumbing Supplies (Holdings) Ltd and Rentokil Initial UK Ltd.
The sale price reflects a net initial yield of 5.67% and is further evidence of investor appetite for well-located multi-let industrial opportunities.
Lismore Real Estate Advisors acted on behalf of Aberdeen Standard Investments.