Cogent Real Estate advised The Milton Group on the acquisition of Unit 9 Mitcham Industrial Estate last year. Since advising on the acquisition, Cogent have provided further advice on the Rent Review and achieved a 49% increase in the annual rent, maximising the performance of the asset.
Olly Sylge at The Milton Group commented….
‚ÄúCRE advised us to purchase the property in 2017 on the basis it was reversionary and would benefit from the key issues impacting the industrial market in the capital. We are delighted to have achieved a 49% increase in the annual rent and complete our business plan for the asset. We received sound advice and benefited from Cogent’s Occupational and Investment expertise‚Äù.
If you have a rent review approaching/outstanding, please contact us on the details below and see how we can help you.
For further information on the deal, please contact Gerry Connolly.
Gerry Connolly MRICS
Mobile: 07557 114583
Direct: 0203 369 4000
Email: gc@cogentre.co.uk
Website: www.cogentre.co.uk