Watford Interchange, Watford

Location: Watford

Service: Investment

Valore advised DTZ Investors on the acquisition of Watford Interchange Industrial Estate, Watford, from former owners, AXA Real Estate for £7.49m. Watford Interchange consists of 4 large industrial units let to Siemens, RS Components, BDG and Hancocks. The acquisition reflected a Net Initial Yield (NIY) of 5.61% and was subject to a competitive bidding process, highlighting the weight of institutional money pursuing direct real estate exposure, in particular, South East Industrial Estates.

Back to case studies