Legal & General buys Dunstable industrial estate

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LGIM Real Assets has acquired Woodside Industrial Estate in Dunstable from Harbert Management Corporation for £182.3M.

Woodside has 35 units totalling 1.5 million sq ft and occupies 96 acres. 18 of the units are either new or recently refurbished, while the remaining 17 offer substantial rental enhancement through a rolling refurbishment plan. On the western boundary of the estate there is also a development site of 1.4 acres.

JLL advised Legal & General on this acquisition, while DTRE advised the vendor.

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