AEW Europe’s European Property Investors Special Opportunities Fund (EPISO), advised by Strutt & Parker, has purchased four industrial units from Brixton for £70m, reflecting a net initial yield of 7.86%, after purchasers costs of 5.725%.

Details of the properties are as follows:

Heathrow Gateway - Unit 1 is let to Royal Mail at a rent of £10.23 per sq ft for 16 years. Unit 2 is let to Ceva Freight at £11.19 per sq ft for 13 years.

Unit 3, Polar Park, Heathrow - The unit is let to the Metropolitan Police Department for 19 years at a current rent equating to £13.25 per sq ft

Oldfield Lane, Greenford - The property is let to Kuehne & Nagel Drinkflow Logistics at a rent of £9.56 per sq ft on unexpired lease term of 13 years.

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