• iSec Acquire Luton Enterprise Park for the 2nd Time

In an off-market deal iSec (formerly Industrial Securities) has bought back Luton Enterprise Park from Royal London.
Industrial Securities originally acquired the former SKF facility in 1999 and undertook an extensive programme of refurbishment creating 3 self-contained units totalling some 168,000 sq.ft. The investment was subsequently sold to Royal London in 2005.
Nigel Lax, Head of iSec UK, says: “having previously owned this estate and undertaken a major refurbishment in the early 2000’s we knew the asset very well and it is a good fit for our multi-let UK portfolio”.