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IO Acquires Blocks 6, 7 & 9 Delta Drive, Tewkesbury

IO has acquired Blocks 6, 7 & 9 Delta Drive Industrial Estate for £4.715m, reflecting a net initial yield of 7.77% and a reversionary yield of 8.18% for its £120m UK Industrial joint venture. Delta Drive comprises 73,400 sq ft across 7 units and is strategically located at Junction 9 of the M5 motorway.

IO Investment 2 is a joint venture between Grosvenor, the privately-owned international property group, Quilvest, an independent wealth manager and private equity investor and the IO Group.