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.
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