Property overview

Hansgrohe, Tournament Fields, Warwick, CV34 6XG

Make an enquiry
May 2023

Atlas RE has successfully advised clients of Columbia Threadneedle on the off market acquisition of a new prime distribution warehouse at Tournament Fields, Warwick.

The headquarters distribution warehouse totals 37,600 sq.ft.  The passing rent is £300,000 per annum and is let to Hansgrohe Limited on a 15 year lease subject to tenant only break at year 10.

The purchase price was £5,285,000 which reflects a net initial yield of 5.32%.

Commenting on the deal, Andrew Franck-Steier said “It is great to have concluded the purchase of this prime asset on behalf of Columbia Threadneedle.  The unit lies on a prime park immediately adjacent to J15 of the M40 in an area with scarce supply.”

The vendors were represented by Wareing & Co and the purchasers were represented by Atlas RE and Bromwich Hardy.