MARCHMONT SELL TRADE SCHEME IN SUTTON

Following the completion of asset management initiatives, Marchmont have sold Sutton Trade Park, Sutton, an asset owned in a joint venture with Peveril Securities. The property was sold to Standard Life for £4.285 million.

Julian Perry, Director of Marchmont commented, “Following the successful lease re-gear of Unit 2, setting a new rental tone for the estate, we took the opportunity to capitalise on the strong demand for well-located trade/urban logistics units in Greater London”