Oxygen breathes life into shed investment market

摘要

Oxygen asset management is thought to have completed the purchase of two distribution sheds from Standard Life Investments for £17.9m.The first is a modern unit let to Laddaw on Bardon Business Park in Leicestershire. The price reflects a yield of more than 9%.The second is let to UDG and is on Amber Park in South Normanton in Derbyshire.Unidrug Distribution Group, United Drug and Galencia are the occupiers. The price represents a yield of more than 8%.Oxygen has been buying offices and industrial properties over the last six months that are well let and high yielding.Oxygen is thought to be working with South African investors who see value in UK property since the onset of the recession. They have bought offices let to Sodexo in Stevenage, Hertfordshire and a distribution warehouse let to Galliform for 16 years in Sidcup, Kent.