By David Parsley2018-09-28T07:33:00
Tritax Big Box REIT has struck a deal to forward fund a pre-let logistics sortation centre in Merseyside.
The 361,062 sq ft development at Haydock, near St Helens, is pre-let to a global retailer, believed to be Amazon, and the price represents a maximum commitment of £68.7m, reflecting a net initial yield of 4.9%, rising to 5.4% at the first rent review in 2024.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.