Cabot Properties has acquired Unit C in Logistics City, Basingstoke for £4.4m with the transaction being advised on by Colliers International.
The property comprises a brand-new industrial unit of 22,886 sq ft which is currently being leased to the furniture retailer, DFS Trading Limited.
Logistics City is strategically located on Houndmills Industrial Estate with additional access to the ring road and is adjacent to Junctions 6 & 7 of the M3 motorway.
Michael Williams of Cabot Properties said: “We are pleased to have concluded the acquisition of Unit C which completes our ownership of Logistics City, Basingstoke, having acquired units A & B in 2019.
“The scheme provides an attractive diverse income profile, a best in class specification and further increases the South East exposure within our growing core plus portfolio.”
John Hanson, director in the national capital markets team at Colliers International commented that industrial investments are in high demand across the board as the sector’s occupational story goes from strength to strength.
He said: “To have secured this investment for Cabot Properties is a positive way to start this year.”