Cogent Real Estate and Stonehill Partners advised Clipstone Investment Management on the strategic acquisition of a 20,000 sqft industrial warehouse on Oakcroft Road, Chessington, let to BSS Group PLC. The property is let on a FRI lease expiring on 28th September 2021 at a current rent passing of £190,400 per annum. There is an outstanding rent review dated 29th September 2016 which is currently being agreed.

Clipstone, a specialist industrial fund manager, has now acquired 59 industrial properties since formation in 2008 and has over £300m of assets under management. The acquisition of Chessington reflects Clipstone strategy to increases its exposure to good quality industrials in London and the South East, so as to take advantage of a current supply and demand imbalance.

For further information please contact Cogent Real Estate on:

E: info@cogentre.co.uk

T: 0203 369 4000