Park Cap Invest, acting jointly with Fairlie Norbury, were pivotal investor advisors on the purchase of this 155,000ft2 East Midlands hi-tech industrial facility. The property is let in its entirety to Recticel Ltd. until end of 2030 (part of Recticel SA Belgium foam manufacturers and leader in polyurethane chemistry). The location of Alfreton provides a strategic central England transport connection via M1 motorway jct. 28.
The deal represents a net initial yield of 6.6% for the single-let asset and we will be generating over 9.1% cash-on-cash return to the investor with prospect of future growth. This industrial investment reflects our firm belief of great future growth to come in the Commercial RE sector UK.