North Quay, Newhaven
Sector: Industrial / Open Storage Facility
The asset totals 26.37 acres of open storage land and is currently fully let to 12 tenants.
The site is strategically located within Newhaven’s Enterprise Zone, which was awarded to the town in 2017, acting as a catalyst for positive commercial growth on the site and driving growth of the local economy.
Glenstone purchased the asset in 2019 for £9.9 million, providing a net initial yield on purchase of 7.25%.
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