Marchmont Investment Management has completed on the acquisition of 38,362 sq ft of high-quality industrial accommodation in Belvedere, Bexley, South East London.
Set within a self-contained site, the estate comprises 19 warehouse units ranging from 1,207 sq ft to 3,231 sq ft. The site is also conveniently located near Belvedere and Erith railway stations, as well as the new Crossrail service Woolwich Station, which will offer direct services to Central London when it opens this year.
Glenny LLP advised on both the investment acquisition and the occupational market for Marchmont Investment Management.
Philip Colman, Divisional Partner in the Investment Agency, said: “Due to the loss of industrial space to alternative site uses in South East London, this scheme provides a rare element of supply for businesses seeking smaller industrial units in a prominent location. We sourced this scheme off-market for Marchmont Investment Management and will now act as ongoing joint letting agents for the scheme, providing our in-depth, local knowledge of the region to secure a strong return on investment.”
Cameron Fraser, Director at Marchmont Investment Management, said: “Delighted to have secured another off-market transaction with Glenny in London and to have worked with OYO Developments throughout the development phase. Belvedere Point provides Grade A trade and industrial accommodation for SME’s in East London in one of London’s most sought after industrial locations.”