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Heathrow industrial estate changes hands

by Jim Dunton Mon 19 August 2013, 11:33 am

Colndale Industrial Estate near Heathrow Airport has been bought by Lothbury Investment Management, according to reports.

The 10-unit estate at Polye, west of the airport’s Terminal 5, was sold by Harbert European Real Estate Fund for £14.4 million, Estates Gazette reported.

It said the purchase price represented a 6.365 per cent yield on the fully-let park.

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