Universities Superannuation Scheme Ltd (USS), advised by King Sturge, has completed the purchase of Prologis Park, a 495,800 ft² (46,060 m²) multi-let industrial estate in Bromley-by-Bow, Greater London from Standard Life Investments for £48.62 million, reflecting a net initial yield of 8.25%.

The 10.84 ha (26.78 acre) estate comprises six units with tenants Royal Mail, Iron Mountain, Crown Records, Menzies Distribution, Oldfields and Maas Systems.

Ben Gamble, investment agent at King Sturge comments "The acquisition provides an excellent opportunity for USS to add to its portfolio, with long unexpired leases to established covenants, within close proximity to Canary Wharf, the City of London and the Olympic zone".

King Sturge acted for USS and Standard Life Investments was represented by CBRE.

King Sturge acts as Investment advisor for the USS industrial portfolio and Building Consultancy advised on the structural integrity of the estate.