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Henderson acquires industrial and warehouse asset from DTZ IM

​Henderson Global Investors, on behalf of its c. £152 million UK Property Fund has purchased Units 1-5 Pier Road Industrial Estate in North Feltham for £3.7 million. The asset was acquired from DTZ Investment Management.

​Henderson Global Investors, on behalf of its c. £152 million UK Property Fund has purchased Units 1-5 Pier Road Industrial Estate in North Feltham for £3.7 million. The asset was acquired from DTZ Investment Management.

The property comprises 43,985 sq ft (4,086 sq m) of industrial space across five buildings, positioned within a 1.98 acre (0.8 hectare) site.

Cameron Fraser, fund manager for the Henderson UK Property Fund (HUKPF), commented: “This presented an excellent opportunity to acquire a dilapidated and significantly underperforming industrial and warehouse asset, located within a prime Heathrow estate. It presents significant opportunities for active management and the Fund is now preparing a major refurbishment program to take advantage of the robust Heathrow logistics market.”

Henderson UK Property Fund has appointed Arun Asset Management as their development partner. Savills acted on behalf of the seller.

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