Catella APAM (“APAM”), the specialist UK real estate asset and investment manager, has completed the sale of two industrial warehouse investments in Weedon and Telford to Revelan Group Ltd for £13.425m (7.15%).
Both units were single let to Unipart Rail and Nexus Industries Ltd. APAM had purchased the properties in a £120m portfolio acquisition in 2016 on behalf of Varde Partners Europe.
Simon Cooke, Director at APAM, said: “We continue to sell assets where we have completed original business plans and into buoyant investment markets. On behalf of our capital partners in the last four years we have sold c.450 individual assets, the sale of these two investments is a continuation of that strategy.”
DTRE acted on behalf of APAM ltd. Revelan Group were represented by Lambert Smith Hampton and Knight Frank.