BFS Advises Canmoor On Purchase Of 62 Acre Bristol Site For £31 Million
March 9, 2014
Canmoor and Blackrock UK Property Fund, advised by Bray Fox Smith, have acquired a 62 acre site at Avonmouth, Bristol for £31.6 million from The Crown Estate. The property is let to Honda Motor Europe Limited and comprises open storage land on two sites, divided by Poplar Way West, part of the Cabot Park estate.
The property is let to Honda on two leases expiring in February and March 2020, with the benefit of fixed annual rental increases of 3%.
James Archibald at Bray Fox Smith comments, “This is a strategic acquisition for Blackrock UK Property Fund, with potential for investment growth in the short term and comprehensive redevelopment over the medium to long term”.
