JR Capital and Chancerygate’s £100 million (€117 million/$139 million) multi-let industrial property investment fund has acquired assets near Exeter totaling 64,682 square feet for an undisclosed sum. The investment marks the fund’s first acquisition in the southwest of England.
Chelsea Trading Estate and Stanley House are located four miles east of Exeter within Sowton Industrial Estate.
The assets were acquired with property investor Charterhouse Property Group and comprise four units ranging from 5,000 square feet to 40,000 feet, which all benefit from excellent access to the M5.
Current occupiers at the development are auto electrician services provider Halls Electrical, sign makers Wood & Wood International Signs, Royal Mail, and Virgin Media.
The acquisition brings the fund’s total investments to circa £60 million (€70 million/$83 million), comprising more than 900,000 square feet of industrial space across 13 assets, now ranging fro
