30 Nov2006
Craigard Berkshire site sold for £7.7 million
Craigard Investments, advised by Jones Lang LaSalle and Molyneux Rose, has sold Craigard One, Aylesford Way, Thatcham, Berkshire to a client of Cushman & Wakefield Investors for £7.7 million, reflecting a net initial yield of 5.40%.
Craigard Investments bought the 69,128 sq ft building vacant in August 2005 and subsequently let it to Danish Bacon Company Plc on a 15 year lease with a 10 year break at £440,000 pa, which reflects £6.36 psf.
Cushman & Wakefield acted for Cushman & Wakefield Investors.