London-based investment company Dominvs Group has sold an industrial-led portfolio for around £100m – a circa 6.75% yield.
The portfolio, acquired by a private individual, comprises around 1.3m sq ft of space across 16 industrial assets and two offices.
It includes the 80,000 sq ft Interchange Business Park in Newport Pagnell, Buckinghamshire; the 161,000 sq ft Kayley Industrial Estate in Ashton-under-Lyne, Greater Manchester; and the 429,000 sq ft Walker Park in Blackburn, Lancashire.
Dominvs Group will retain several schemes within its existing commercial portfolio across the UK, including sites in Scotland, London, and Tunbridge Wells, Kent.
The group also has residential and hospitality projects underway in London, Bath and Oxford.
As well as the development potential for the retained commercial sites, Dominvs is actively seeking to grow its portfolio through strategic acquisitions in key UK cities.
A spokesperson for the Ahluwalia family, on behalf of Dominvs Group, said: “We remain acquisitive for development and investment opportunities across our three core sectors– hospitality, residential and commercial – and are continuously looking for new sites with investment and development potential across the UK.”
Fineman Ross and CBRE advised Dominvs Group on the sale.
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