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St Modwen sells Letchworth hub

St Modwen has sold Letchworth Industrial Estate for £12.3m to Cresta Estates, reflecting a net initial yield of 5.23%.
CoStar News
January 26, 2016 | 6:51 P.M.

Speculatively developed by St. Modwen’s Northern Home Counties region, the 90,666 sq ft estate was completed in November 2015. At completion, the four unit development was fully let to two occupiers - Tyco Fire & Integrated Solutions Limited, a wholly-owned subsidiary of Tyco International, and Titan Logistics, an Interlink franchisee.

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