Maven Capital Partners has completed the sale of an industrial building at ABZ Business Park in Aberdeen to French real estate investment manager Epsicap REIM, acting on behalf of its regulated SCPI fund Epsilon 360°, for £3.35m.
The 18,466 sq ft property, which is located adjacent to Aberdeen Airport, was acquired by Maven clients in 2018 and has been fully let to Aramark since construction. The current lease on the building runs until October 2032.
Paul Johnston, partner at Maven, said: “This sale represents a timely and prudent exit from an asset that has performed well for our investors, delivering a strong yield. While the Aberdeen market remains uncertain, we are pleased to have secured a strong offer from a credible international buyer.”
Ryden acted for Maven and Welbeck Real Estate Advisers represented the purchaser.
