Aberdeen Asset Management Purchase DFS in Enfield

Aberdeen Asset Management, on behalf of its clients, has purchased a DFS retail warehouse unit in Enfield from LondonMetric for £24.48m at a yield of 6.73%.

The freehold property, which is situated on the A10 (Great Cambridge Road), consists of a retail warehouse unit of 23,165 sq ft, a distribution unit of 9,279 sq ft and 81 car-parking spaces and is let on one occupational lease until 23 March 2030. Aberdeen Asset Management owns the two retail warehouse units adjoining the asset, which have recently been refurbished and let to Sofaworks and Furniture Village. Aberdeen was advised by ESH on both the lettings of the existing holding and the purchase of the DFS freehold.