HTA Real Estate's Capital Markets team have recently completed the disposal of the Scania warehouse in Killingworth on behalf of Rougemont Estates. The investment is securely let to Scania on a 10 year lease with 2 years unexpired at a rent of £90,000 per annum.
Douglas Cranston commented, 'This was a fantastic instruction to secure and be involved in. We managed to secure almost 20% ahead of quoting via a competitive bids process. The result shows how robust the private investor market remains particularly when there is 'value add' opportunities via asset management'.
