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Birmingham Post

Business

Tom Keighley

Town Centre Securities sells three Stourton industrial units in £9.96m deal

Three industrial units at Waterside Business Park near Leeds have been sold by Town Centre Securities in a £9.96m deal.

The units - let to three separate tenants at the park in Stourton - were acquired by privately-owned real estate fund management and advisory business Clearbell, in a deal that reflects net initial yield of 4.49%.

Leeds property consultancy Gent Visick acted on behalf of Town Centre Securities (TCS) and had previously acted for TCS when it acquired the units in 2015 for £4.49m. DTRE advised Clearbell in negotiations.

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