Strutt & Parker has acquired Mill River Trading Estate in Enfield on behalf of Scottish Widows Investment Partnership from Westbrook for £9.1m, reflecting a net initial yield of 7.13%.

The estate comprises five units totalling 94,560 sq ft and is fully let to four tenants including Clipper Group Limited and Edmundson Electrical Limited at a passing rent of £686,104 reflecting £7.23psf.

James Fairweather, Head of Industrial & Logistics at Strutt & Parker, who acted for Scottish Widows Investment Partnership, said: “Greater London industrial property is highly sought after by investors at present and this acquisition at a yield of more than 7% ideally suited SWIP’s investment requirement.”

Strutt & Parker advised Scottish Widows Investment Partnership; Westbrook was represented by Jones Lang LaSalle.