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
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud