Telereal Trillium adds further assets to its expanding Portfolio
Telereal Trillium continues its investment drive to acquire assets with value-add potential with the purchase of Ashmore and Progress House, two adjacent office buildings in Stockton-on-Tees, and an industrial premises on Manston Business Park.· Ashmore and Progress House are located in Stockton-on-Tees on the Teesdale Business Park. The office buildings were acquired from a pension fund client of Aberdeen Asset Management for £3.25m (10.78% NIY). The buildings are fully let to the strong covenants of Siemens PLC and Johnson Matthey PLC. The site benefits from its close proximity to