New acquisition alert! Salfords joins the Preston and Preston ranks.
We have a new building!
With environmental issues at the forefront of the industrial sector right now, we’ve acted quickly to ensure our latest acquisition is as efficient as possible for our new tenant.
Unusually for us, we have acquired a unit which already has a happy tenant in residence, within the Salfords Industrial Estate close to Reigate and Redhill.
German Light Products is an innovative and successful stage lighting supplier to the music industry, and as such we thought they deserved better lighting than the old, inefficient sodium stuff that was illuminating the unit when we acquired it!
While we can’t get in to do all the long-term upgrade works we have planned just yet, we have replaced the lighting with modern and highly efficient Hi Bay LED lights to help reduce the tenant’s electricity bill.
We’re excited about this latest purchase, which forms part of something of a flurry of acquisitions for Preston and Preston Capital. If you’d like to get involved or find out more about our investment opportunities, please let me know.
I’ve just added a new case study page to our website, so if you’d like to read up more about the expected rental yield at our new Salfords unit, please do click here to take a look.
Formed in 2016, Preston & Preston Capital is a British property investment firm focused on long term ownership, leasing and active management of mixed-use, commercial and light industrial properties. We are constantly seeking new assets to develop and add to our growing high-yield portfolio.
