Investments see success

Deeley Properties’ investment portfolio continues to see great success.

Deeley Properties acquired a 20,000 sq. ft. industrial warehouse on an established estate in Dudley in 2016. The property was then let to ERIKS with two years remaining on its lease.

Deeley identified the opportunity to refurbish and re-let or sell the building, whilst receiving a return on cost of 8.5% until the end of the lease.

Earlier this year the property on Crackley Way was sold to Pipework Engineering Services securing a significant return for the company.

The investment at Harwell Science & Technology Campus in Oxfordshire continues to show a good return. Nuva is the current tenant at the property and Andrew Brazier, development consultant, secured an increase of over 30% in rent.

Andrew said: “The property at Harwell remains part of our core portfolio as an investment in a growing science park and we hope that following this increase we shall be negotiating a new longer lease in exchange for some improvement works to the property.”