On behalf of a private investor client, Ryden has purchased the long leasehold interest in a prime air freight distribution unit at 2 Campsie Drive, Air Cargo Terminal, Glasgow International Airport. The sale price was just over £1.1m, reflecting a net initial yield of 7.92%.

The property is a 16,238 sq ft modern distribution unit, let to DHL Global Forwarding (UK) Ltd on FRI terms, expiring March 2015, with a tenant's option to extend the lease for a period of five years from the expiry date.  The net passing rent is £92,385 per annum.

Jones Lang Lasalle and Acuitus sold the property on behalf of The Airport Industrial Property Unit Trust, a client of Scottish Widows Investment Partnership.

www.@ryden.co.uk