Leopard acquired the Booker Cash & Carry warehouse at Canal Industrial Estate, Trowbridge in 2018 for £2.385 million. The 35,527 sq ft asset was let to Booker with 2.5 years remaining to earliest expiry at the point of sale. The asset presented a mis- priced opportunity and with a forthcoming rent review which was subsequently concluded.
In October 2022, Leopard completed an off-market disposal for £3.25 million, reflecting a Net Initial Yield of 5.59%. The investment delivered a total return of 28.6% per annum, in line with the original business plan.