Leicester-based Custodian sells 2 industrial units for £15m, raising £9m from Warrington site and £6m from Weybridge unit, reducing loan-to-value by 2%.
Leicester-based property investor Custodian sells 2 industrial units for £15m, raising £9m from a Warrington site with redevelopment plans and £6m from a Weybridge unit. Proceeds will lower Custodian's loan-to-value on its debt facility by around 2%. The Weybridge asset has provided income over its ownership but future rental growth expectations led to its sale.
April 02, 2024
3 Articles