In 2020, Leopard Capital acquired Unit 100, Hartlebury Trading Estate for £11.6 million. The 181,825 sq ft industrial manufacturing facility is let to Wienerberger Limited on a long-term lease, with 23.25 years unexpired at acquisition. The asset was acquired with a low passing rent of £3.85psf, shortly after acquisition the rent review was successfully concluded enhancing the income profile of the asset. The income increased by 41.8%.
Wienerberger are the world’s largest supplier of bricks and are listed on the Vienna Stock Exchange, they produce 52 million bricks per annum from this facility. The property is situated on the established 180-acre Hartlebury Trading Estate, which extends to approximately 1.6 million sq ft.