Clients of Invista Real Estate, advised by Strutt & Parker, have sold the freehold interest of the Perth Trading Estate, Slough, to CBRE Investors for £19.83 million, reflecting a net initial yield of 5.53%.

A multi-let South east industrial estate comprising nine industrial units totalling 126,345 sq ft and one office building totalling 6,386 sq ft. The units are let to seven tenants including Sonoco Cores & Paper Ltd, Black & Decker International and Herbalife UK Ltd with an average weighted unexpired term of 3.71 years to expiry, producing an annual rental income of £1.16 million.

Guy Spencer, Investment Partner of Strutt & Parker’s National Markets department adds:

“Perth Trading Estate is located in an established South East industrial location and offers not only active management potential but also has excellent prospects for future rental growth.”

Cushman & Wakefield advised CBRE Investors.

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