IO has acquired Horcott Industrial Estate, Fairford for £3.525m for its £120m UK Industrial joint venture.
The transaction reflects a net initial yield of 7.96%. Horcott Industrial Estate comprises a multi-let estate totalling c.51,000 sq ft across 25 units, and provides a variety of opportunities to drive income and improve the occupancy profile of the estate.
This deal constitutes the tenth acquisition for IO Investment 2 LLP, which has now invested £34.9m since closing.
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.