Updated Oct 29, 2024
Legal & General Investment Managers (LGIM) Acquires Industrial Property In Swindon For £200M
Symmetry Park
$200,000,000
$87/SF
Building Size
2,300,000 SF
Asset Type
Industrial
Closing
Sep 28, 2020
About this deal
AI
The industrial property located at Symmetry Park in Swindon was recently sold in a closed transaction on September 29, 2020. The property, spanning across 2,300,000 square feet, was sold for a total of £200,000,000, resulting in a price per square foot of £87. The sale was completed by Panattoni, who acted as the seller, and Legal & General Investment Managers (LGIM), who acted as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: £200,000,000
- Address: Symmetry Park
- Market: Swindon
Panattoni represented the seller in this transaction, while LGIM acted as the buyer. The deal showcases the involvement of these key individuals and companies in the industrial asset sale.
Players
Cherwell District Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93