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Gavin Munn

Cordatus sells in Bristol

By | News

In its latest deal Cordatus Property Trust (CPT) has sold the leasehold interest of Unit 7 Newbridge Industrial Estate, Bristol, a standalone industrial unit in a core industrial location.

The unit which extends to approximately 30,500 sqft was acquired in 2015 as part of a larger holding, was sold to a private investor for £2.075m / £68.00 psf CV.

The property located at the Newbridge Trading Estate in the St Philips area of Bristol, an established industrial area approximately 2 miles east of the City Centre, provides a detached triple bay warehouse with two storey office accommodation which had recently been refurbished following the previous tenant moving out.

Andrew Murray of Cordatus said: “Despite the ongoing issues surrounding the current pandemic and uncertainty amongst occupiers, the sale illustrates that for good quality stock with strong underlying fundamentals there will always be demand.”

CPT was represented in the transaction by CBRE and CMS with the refurbishment works project manged by CS2 Surveyors.

Renewal success in Milton Keynes

By | News

Despite the current uncertainties due to COVID and Brexit, Cordatus Property Trust (CPT) are delighted to have just completed the renewal of four leases at their Carters Yard Industrial Estate in Milton Keynes.

Carters Yard is a development of 24 business / distribution units of varying sizes and the estate was bought in 2015 as part of the Lion Portfolio. The four renewals account for approximately 20% of the estate by area and follow on from the recent letting of Units 28 & 29.

Andrew Murray of Cordatus said: “These deals are a real boost to the Milton Keynes economy and we are delighted that the tenants have decided to remain on the estate. At Cordatus we continue to work closely with our tenants through these uncertain times and secure the best possible outcomes for all parties. These renewals are consistent with our core aim to protect income for our investors.”

CPT were represented by Louch Shacklock and CMS.