London & Westcountry Estates, a commercial property management company, has bought a portfolio of 11 industrial estates. 

The Bridgewater Industrial Portfolio was sold by Gresham Property Partners LP, which is managed by Schroder Real Estate Ventures Group. The acquired industrial estates are all located in Bridgewater, Somerset and comprise more than 100 individual units covering 273,000 sq ft.

The portfolio, which includes Wolseley Centres, MFI Properties, Brandon Hire and City Electrical Factors among its tenants, was sold for £20.4 million, representing a yield of 5.7%.

London & Westcountry director Michael Hockin said he is excited by this acquisition of the new estates which fit perfectly with the strategy to expand into Somerset. “The new sites allow us to provide increased flexibility and choice to our tenants, who come from a variety of industries. We pride ourselves in having a hands-on management approach with our tenants and the additional sites will assist us in continuing to provide this service.” 

Plymouth-based London & Westcountry provides of a range of flexible space, including warehousing, industrial, trade counter, retail outlets and office premises.