Sep 3, 2018

Stonehill Partners advise Wrenbridge & Palmer Capital on forward sale of prime, Grade A, 53,000 sq ft industrial development

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:

“Wrenbridge, a leading UK property developer, has successfully forward sold their 53,000 sq. ft. speculative development, Centron, at Crawley for £13.25m to TH Real Estate. Stonehill Partners acted for Wrenbridge and  JLL acted for TH Real Estate.

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.”

Stonehill-Logo_WO

Stonehill Partners Ltd is Registered in England at 88 Crawford Street. London, W1H 2EJ (registered number – 10170575)

© 2016 Stonehill Partners. Website & Branding by Goodlife Studio.