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- Acquisition of J4 Camberley in Q1 2025 with an existing capital partner.
- J4 is a prime multi-let estate situated along the M3 corridor in Camberley, Surrey. The site is 1.6 miles c.5 minute drive, from M3 (J4). The estate extends to 108,617 sq ft (10,091 sq m) split into 9 units ranging from 4,616 sq ft to 43,115 sq ft.
- Acquisition price in excess of £26m, presenting strong reversionary potential and asset management opportunities to drive value and capitalise on the shortage of Grade A light industrial stock in the area.
- Citivale sourced, negotiated and delivered the opportunity, assisting in managing the acquisition DD process.
- The estate is currently managed by Citivale and is fully let, with a lease expiry in early 2025. This is expected to result in a significant reversionary uplift, which, together with other lease events during the hold period, is anticipated to exceed the targets outlined in the business plan.
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