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Schroders acquires multi-let estate in Bristol for £5.8 million from LaSalle

Schroders’ Multi-Let Industrial Property Unit Trusts (MLIPUT), a sector specialist Jersey-based Property Unit Trust advised by the JLL Strategic Asset Management Team, has completed the freehold acquisition of Units 1-8 Abbeywood Park in Bristol using investment agents Alder King as the acquiring agent. The prime multi-let industrial estate totalling 42,803 sq ft was acquired from LaSalle Investment Management, advised by Knight Frank, for £5.8 million, reflecting a NIY of 5.09%.

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