Member Article

Sittingborne industrial estate sold in £30 million deal

Trinity Trading Estate in Sittingbourne has sold for £30 million.

Orchard Street Investment Management acquired Trinity Trading Estate, Sittingbourne, after being attracted by the town’s various transport links including its connection to M5, M20 motorways and the Port of Dover and Channel Tunnel.

According to Kent Online, the 27.8 acre site in the town centre, which was sold by US-based Cornerstone Real Estate Advisers, has 410,933 sq ft of lettable trading space.

The trading estate has 38 current tenants including Magnet, Howden Joinery, Wolseley, Travis Perkins and Screwfix.

The site was bought by Orchard Street for £29.25 million on behalf of FTSE100 wealth management company St James’s Place.

Orchard Street investment transactions manager Tom Chadwick said: “This is a popular and well located trading estate which is reflected in its high occupancy and the quality of its tenants.

“The estate provides a strong income yield as well as a number of asset management opportunities which we look forward to undertaking.”

This was posted in Bdaily's Members' News section by Ellen Forster .