Triton Units A&B, Weston Avenue, West Thurrock 

Date: Q2 2013

Acting on behalf of M&G Real Estate we advised on the sale of this prime distribution investment to Fidelity for £6.5m, reflecting a net initial yield of 7.8%.

The property comprises two distribution warehouse units constructed in the late 1980’s/early 1990’s totalling 105,293 sq ft GIA. Fully let to Hermes Parcelnet and Ford Retail with an average unexpired lease term to break of circa 4.5 years at a total rent passing of £539,652 per annum.

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