Acquisition of Zodiac Park, West Drayton in Q4 2024 in JV with a new capital partner
Zodiac Park comprises a prime South East urban multi-let estate extending to 120,442 sq ft (11,189 sq m) split into 8 units ranging from 7,065 sq ft to 31,641 sq ft
Acquisition price in excess of of £31m, with strong reversionary potential, anticipated to deliver value add returns
Citivale sourced, negotiated and delivered the opportunity, assisting in managing the acquisition DD process
The Estate is now asset managed by Citivale, with success so far on letting a unit vacant on acquisition, completion of a significant rent review and progression of estate infrastructure works. There are more lease events upcoming where we expect to continue to outperform the business plan.
