Mayfair Capital buys Fellowes' shed in Doncaster

Mayfair Capital buys Fellowes' shed in Doncaster

July 2015

Mayfair Capital buys Fellowes' shed in Doncaster

Mayfair Capital Investment Management, the UK real estate investment manager, announces that its flagship fund, The Property Income Trust for Charities (“PITCH”), has increased its investment portfolio to £404 million after completing three acquisitions, totalling £31.4 million, including our distribution facility in Doncaster.

PITCH has acquired the Fellowes Unit, West Moor Park for £11.3 million, representing a yield to PITCH of 5.89%. The property is let in its entirety to Fellowes Ltd until January 2017 at a rent of £675,000 a year, equating to £3.55/ sq ft. The unit is highly reversionary.

The property is a high-quality, purpose built distribution facility with ancillary office space on a site of 9.3 acres. Doncaster is a strong distribution location, owing to its proximity to the A1/M18 interchange and several major ports. The presence of DHL, Tesco, Amazon, Wincanton and several Next warehouses underpin the town as a distribution location. Knight Frank advised PITCH on this transaction.

Contact

Perland Properties Ltd

2nd Floor

87-89 Baker Street

London, W1U 6RJ

 

Tel:0207 935 2555

Fax:0207 487 5693