Acting on behalf of Henderson Global Investors, James Barr’s investment team has concluded the successful acquisition of Units 1, 2, 4 & 7 Edinburgh Interchange from Park Lane City Ltd, for a price of £4.675 million.

The current annual rent roll is approximately £414,000 representing net initial yield of 8.37%.

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Unit 1 is currently available to let and therefore there is the opportunity to improve the income through the letting of this unit with further future performance being achieved by way of a fixed uplift on Unit 7 in 2015.

Jamie Thain of James Barr commented: "We are delighted to have secured the acquisition of this multi-let industrial investment for our client Henderson Global Investors. Edinburgh Interchange is located within a well-established industrial location with excellent transport links and we are confident that it will deliver solid performance going forward."

(GK/DW)