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Cordwallis Business Park, MaidenheadActing on behalf of IM Properties, Jones Lang LaSalle recently completed the £22m acquisition of Cordwallis Park in Maidenhead, Berkshire, from Hermes Real Estate.
- The purchase price reflects a net initial yield of 8.14%. - The property comprises a well established modern multi-let estate with 1 office building, 4 high tech units and 11 industrial units totalling 136,534 sq ft, on a site of approximately 7.36 acres (2.98 hectares). - The Park occupies a key strategic site to the north of Maidenhead town centre and benefits from good access to the national motorway network and the South East via the M4 and M40 motorways.
The National Industrial Investment team continues to advise a wide range of clients on both acquisitions and disposals in increasingly changeable market conditions. As a reflection of the depth of their experience, the team has also acquired Gemini Business Park in Beckton, East London, on behalf of Aviva Investors, and sold properties in Rugby, Park Royal and Maidstone. For further information contact David Emburey on +44 (0)20 7399 5375.