Buccleuch Property has acquired Trench Lock 3, a multi let industrial estate in Telford, for £3.2m. The Buccleuch team were attracted to the estate due to the rental growth potential across a number of units in a well performing sector.
Phil Eves of Buccleuch Property said “The occupational demand in this market remains strong with good opportunity for rental growth moving forward, due to a sustained lack of supply. The industrial estate offers us several asset management opportunities in a sector in which Buccleuch Property has a wealth of experience. This is another investment adding to the diverse selection of properties which we have acquired so far in 2022. We continue to seek value add opportunities and are in a strong position to secure more deals this year.”
