Telereal bags Wessex Trade Centre amid industrial investment push

Telereal Trillium has bought Wessex Trade Centre from Bournemouth, Christchurch and Poole Council for £12.6m. The five-acre industrial estate comprises 33 facilities totalling 93,373 sq ft, all of which are currently occupied, generating an annual rent of £820,000 with an average unexpired lease term of more than four years. The site is located three miles north-east of Poole town centre and close to major transport routes. It offers both reversionary potential and opportunities for Telereal to add value through refurbishment. Paul Munday, head of investment acquisitions at Telereal, said: “Our view is that occupier demand will remain consistent for these types of smaller units, and for strong locations there is still untapped rental growth to come through.” Telereal Trillium was advised by Lambert Smith Hampton and the vendor was represented by CBRE. To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews Discover which agents have been most active in the South West industrial market so far this year >> Photo © Telereal Trillium