Segro completes Treforest Industrial Estate sale

24th Dec 2010 11:48

Real estate group Segro has completed the sale of the Treforest Industrial Estate near Cardiff to Hansteen Property Unit Trust (HPUT) for £27.7m.The Treforest Industrial Estate comprises 124 properties with a total lettable area of 85,300 sq m. It currently has a vacancy rate of 25% and a weighted average unexpired term certain of 4.2 years. "This disposal in our National Markets portfolio further progresses our strategy of focusing on our identified core clusters where SEGRO is able to add most value. The sale shows the continued demand for industrial properties even in this uncertain economic climate," said UK managing director Ian Sutcliffe.