market and
agency advice

palmer capital partners

Bidwells was instructed to provide specific market and agency advice on the purchase of Blakelands, one of the one largest industrial estates in Milton Keynes, at 564,380 sq ft. Estate occupation was increased to its highest level since opening.

What we did

  • Provided specific market and agency advice on the purchase of this multi-let industrial investment for £28m

  • We retained our agency instruction to market the vacant units after purchase

  • We have provided advice on a further 11 lettings over a period of 18 months from purchase to improve occupation levels

Result

  • Reduced the overall void rate since purchase from 20% to 1.9%

  • Raised the estate occupation level to an all time high with only two out of 74 units available

  • Increased headline rental levels from £4.50 to £5.50 per sq ft

  • Client was able to remarket the investment and gain a sale price in excess of £38m

  • Value of £10m added for our client during the period the investment was held

  • Retained our agency instruction to market the vacant units with the new owners

 

£10m

uplift in value

 

Palmer Capital Partners Blakelands Industrial Estate

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