Finance

Warehouse REIT buys Glasgow Air Cargo Centre for £11m

By 2019-02-04T08:02:00

Warehouse

Source: Shutterstock/Mike Laptev

Warehouse REIT, the AIM-listed specialist warehouse investor, has paid £11.1m for the Air Cargo Centre at Glasgow International Airport.

The purchase from Airport Industrial Nominees represents a net initial yield of 6.7% and a reversionary yield in excess of 7%. The property is held on a ground lease from Glasgow Airport, which expires in 2148.

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