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Galbraith Investment Team Launch £28 million Industrial Portfolio To The Market

The Galbraith Commercial Investment Team have successfully launched one of Scotland’s biggest industrial portfolio sales of the year. The Malt Portfolio was presented to the market this week at offers over £28 million reflecting 7.95% net initial yield.

 On behalf of long standing client Cedarwood Asset Management, a specialist in the industrial property market, our investment team undertook pre-sale reporting and due diligence in order to prepare the portfolio for sale. 

The portfolio consists of 8 high quality industrial assets located across Scotland including Ayr, the Central Belt, Fife, Dundee and Aberdeen.

The portfolio extends to over 408,816 sq ft of accommodation.  It has 38 tenancies with a strong line up of national operators.  The portfolio is 95.40% occupied, providing a weight average term certain income of 4.93 years. The annual rent is an impressive £2,366,535 p.a.  

Jamie Thain, Galbraith partner in the investment team commented:

We are delighted to have been instructed to sell this significant portfolio on behalf of our well established client. The UK property investment market remains buoyant and modern multi-let industrial assets are a target asset type for many investors.  We anticipate a range of UK and overseas parties will be looking at this opportunity, due to the quality, scale and attractive net initial yield offered, which is just under 8.00%.  We have worked hard in the last few months to prepare clear and concise sales information for the portfolio, this ensures it can be easily reviewed by all prospective purchasers.  In our experience, good pre-sales diligence and quality presentation is a key part to any successful sale, even more so when dealing with larger assets with multiple income streams.”

The Malt Portfolio – Investment Sale