MARCHMONT SELL TRADE ESTATE IN ROMFORD

Following completion of the lease renewal on three of the five units on the estate, Marchmont have sold King George Close, Romford, an asset owned in a joint venture with Peveril Securities.  The property was sold to TH Real Estate for £5.685 million.

 

Tim Lumsdon, Director of Marchmont commented, “Following the conclusion of the lease renewal with PTS, which created a weighted unexpired term of over 7 years, we took the opportunity to capitalise on the strong demand for well let, industrial units in Greater London.”