Boundary Real Estate Partners (Boundary) has sold its freehold interest in Bridge Park & Pinfold Road Industrial Estate in Leicester to a private client of APB for an undisclosed price.
The adjoining industrial estates comprise 34 units offering 241,187 sq ft. The estates provide a mix of light industrial, urban logistics and trade units in addition to an office complex on a five-acre site with redevelopment potential.
Strategically located in Thurmaston, Bridge Park & Pinfold Road Industrial Estate were acquired by Boundary in December 2021 as part of the Raynsway Portfolio.
They generate annual income of just under £2m and over the past three years there have been 21 lettings, renewals and rent reviews producing average rental growth of more than 12% per annum.
Charlie Walker, co-founder of Boundary, said: “Following the completion of the sales programme from the office element of the portfolio, we are delighted to have now finalised the disposal of the industrial segment, following active asset management over the last three years. We are now focused on delivery of the 50 acres of development land next to the A607, following planning permission earlier this year.”
ACRE Capital advised Boundary on the sale of Bridge Park & Pinfold Industrial Estate. The purchaser was represented by APB Leicester.
