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Dominvs Group sells UK commercial portfolio for a price in the region of £100m

Dominvs Group, has sold a commercial portfolio totalling 1.3 million sq ft (120,770 sq m), in what is understood to be one of the largest mixed industrial real estate portfolio sales in the UK this year.


A private buyer has purchased the portfolio for a price in the region of £100 million, representing a net initial yield of approximately 6.75%.

The 18 properties, comprising 16 industrial assets and two office schemes, represent part of Dominvs’ existing commercial portfolio. The sale package includes the strategically placed 80,000 sq ft (7,432 sq m) Interchange Business Park in Newport Pagnell, Kayley Industrial Estate in Ashton-under-Lyme – totalling 161,000 sq ft (14,957 sq m) - and the 429,000 sq ft (39,854 sq m) Walker Park in Blackburn.


Dominvs Group will retain several significant schemes within its existing commercial portfolio, across the UK, including sites in Tunbridge Wells, Wembley and Scotland. This is in addition to the active development pipeline within the residential and hospitality sectors where the group has projects underway in London, Bath and Oxford.  As well as the development potential for the retained commercial sites, Dominvs is actively seeking to grow this new portfolio alongside its other portfolios with strategic acquisitions in key UK cities.


A spokesperson for the Ahluwalia family, on behalf of Dominvs Group, commented: “We remain acquisitive for development and investment opportunities across our three core sectors: hospitality, residential and commercial and are continuously looking for new sites with investment and development potential across the UK.”


Fineman Ross and CBRE advised Dominvs Group on the sale.


The whole portfolio sold comprises:


Tramway Industrial Estate, Banbury, OX16 5RW 

Foxholes Business Park, Hertford, SG13 7QE 

The Moorfield Centre, Guildford, GU1 1RA 

Acre Road, Reading, RG2 0SU 

Interchange Park, Milton Keynes, MK16 9PS 

Wokingham Commercial Centre, Wokingham, RG41 2RF 

Kayley Industrial Estate, Ashton-under-Lyne, OL7 0AU 

Walker Park, Blackburn, BB1 2QE 

710 Aztec Business Park, Bristol, BS32 4UF 

1500 & 1600 Parkway North, Bristol, BS34 8RG 

Greenhill Crescent, Watford Business Park, Watford, WD18 8JU 

Dixon Way, Lincoln, LN6 7XN 

Unit 1 Springhill Drive, Glasgow Business Park, G69 6GA 

Trinity Industrial Estate, Southampton, SO15 0LA 

Lynx Trading Estate, Yeovil, Gazelle Road, BA20 2PJ 

Axis Park, Glasgow, G68 9HD 

Grimshaw Park, Blackburn, BB2 3DJ 

10 Palacecraig, Coatbridge, ML5 4RY 



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