Stonehill Partners are pleased to announce the sale of Centron in Crawley where they acted on behalf of Wrenbridge and Palmer Capital, the fourth industrial investment funding sale acting on behalf of Wrenbridge since 2016.
Press Release below:
The asset has been sold by Wrenbridge on behalf of Palmer Capital Development Fund IV, a programmatic venture between clients of CBRE Global Investment Partners (“CBRE GIP”) and Palmer Capital.
The asset is situated in one of the South East’s most established industrial areas and is located 5 minutes from Gatwick Airport and in close proximity to both the M23 and M25. Centron is currently under construction and due to be practically completed by the end of December 2018. The scheme will include two semi-detached Grade A industrial units comprising 53,000 sq. ft. in total and will be built to BREEAM Excellent standard.”