IO Asset Management acquires Speke Business Park

IO Asset Management has acquired Speke Business Park on behalf of a Hong Kong-based family office for £3.3 million, reflecting a net initial yield of 8.00%.

The purchase of the modern 15-unit multi-let industrial property, totalling 51,000 sq ft and constructed in 2014, brought further diversity to the portfolio, which now totals 500,000 sq ft of multi-let industrial, trade counter and distribution space throughout the UK.