Acquisition and provision of development funding for a trade park scheme in Milton Keynes
Canada Life European Real Estate Ltd
Newly developed builders merchants and 5 trade park units totalling 4,375.76 m (47,100 sq ft). The development is 58.5% pre-let to MKM Building Supplies and Just Tyres and 41.5% speculatively funded. Once fully let, the total expected income rent will be £525,500 per annum, reflecting rents of circa £10 to £12 per sq ft.