Delancey has sold a trade park in Kent for an undisclosed price to a joint venture between Chancerygate and a sovereign wealth fund on behalf of a domestic pension fund client.
Built in the mid-1980s, the 76,500 sq ft Spa Trade Park is a light industrial/trade counter estate, comprising 16 units arranged across three terraces.
The park, which is located near Tunbridge Wells, counts the likes of Screwfix, Halford and Toolstation as tenants.
Dan Berger, chief investment officer at Delancey, said: “This sale reflects our disciplined disposal strategy – generating liquidity while rebalancing our client’s UK real estate portfolio with greater focus on geography and asset type. It demonstrates our differentiated, proactive approach to core portfolios: drawing on our heritage as an active, opportunistic manager, creating value throughout the investment cycle, and exiting assets that no longer align with portfolio priorities to target tailored, above-benchmark returns.”
