| Key facts: | |
|---|---|
| Client | Travis Perkins |
| Location | East Hampstead Road, Bracknell |
| Value | £6 million |
| Funded By | Aberdeen Asset Management |
Post-acquisition and in conjunction with Travis Perkins Properties Limited (TPP), a planning application was consented for a seven unit, 41,000 sq ft scheme. TPP pre-let five units totalling 83% of the floor space for their trading brands; Travis Perkins, Toolstation, Tile Giant, City Plumbing Supplies and Benchmarx. The remaining two units were subsequently let to Edmundson Electrical and The Fascia Place Ltd.
Prior to construction commencing, the scheme was forward funded to Aberdeen Asset Management at a Net Initial Yield of 6.57%.
