The investment team in the Bristol office of property agents Knight Frank has acquired four industrial estates on behalf of Commercial Estates Group (CEG) from industrial specialist SEGRO in a £26m deal.
The Galahad portfolio, which includes Pucklechurch Trading Estate near Bristol, as well as three sites in the Midlands and North West, totals 875,000 sq ft.
Knight Frank head of the Bristol office Steve Oades led the team that secured the acquisition. He said: “We are delighted to have advised CEG on this purchase and we see plenty of scope to add further value through active management.”
Knight Frank has also been retained by CEG to advise on the Pucklechurch estate, pictured, which has 31 production and warehouse units ranging from 1,900 to 60,000 sq ft.
SEGRO was advised by CBRE.
