News - 15/12/2023

LSH Facilitates Summit Real Estate in Strategic Acquisition of a Prime Logistics Asset in Gloucester

Summit Real Estate SA have acquired 4100 Hurricane Road in Gloucester

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Lambert Smith Hampton has successfully represented Summit Real Estate SA in the acquisition of 4100 Hurricane Road, Gloucester, a grade A industrial asset of 190,000 sq ft that is let to GE Aviation (t/a Dowty) for the next 11 years. The vendor was advised by CBRE. 

Tom Steadman, Senior Surveyor for Industrial & Logistics at LSH acted in the transaction and said,
"LSH is delighted to have played a key advisory role in Summit Real Estate's acquisition of a best-in-class manufacturing and distribution facility in Gloucester. We extend our appreciation to CBRE for their role in representing the vendor in this successful deal.”

Mathieu Musson Genon, CEO of Summit Real Estate SA, said,
“We are pleased to acquire, on behalf of one of our private clients, this modern Grade A industrial property let to a strong tenant with a long commitment. This acquisition reflects our positive view on the UK market that currently provides attractive entry points for long term investors.”
 

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