Industrial property specialist, Hansteen Holdings, has been busy buying up assets in both the UK and Germany.
The group has spent £26.2m on the 26 acre Horndon Industrial Park in Essex and notarised three other industrial properties in Germany.
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The German properties in Uhingen, Grevenbroich and Henstedt-Ulzburg, totalling over 271,000 square feet, are fully occupied and are being sold by Cambridge Place Investments.
The combined rent roll of the purchases will be £2.7m.
The group has also sold two properties in Germany for a total of €9.4m.
Commenting on the Horndon acquisition Morgan Jones of Hansteen, said: "The high yield and vacancy rate, combined with its excellent location provides plenty of opportunity to build value through active asset management."
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