Legal & General Investment Managers (LGIM) Acquires Industrial Property In Swindon For £200M
SOLD
$200,000,000
England
See Similar DealsIndustrial2,300,000 SF
Sold 09/29/2020
SOLD
Legal & General Investment Managers (LGIM) Acquires Industrial Property In Swindon For £200M
Symmetry Park
See Similar DealsIndustrial2,300,000 SF
Sold 09/29/2020
Summary
Asset Type:Industrial
Price Per Square Foot:$87
Total Square Footage:2,300,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$710,557.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$948,102.04
Annual Debt Service$11,377,224.42
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