Warehouse REIT sells £57.5m of single-let assets, focusing on multi-let UK real estate.
Warehouse REIT completes sale of £57.5m single-let assets in 3 separate deals: Barlborough Links (Amazon) for £46m, Parkway Industrial Estate for £6.3m, and Celtic Business Park for £5.2m. Combined sales price aligns with 31 March valuation and yields 5.8% on passing rent. The group aims to focus on the multi-let subsector of UK real estate, increasing portfolio weighting from 70% to 77%.
June 24, 2024
3 Articles