By David Parsley2019-02-04T08:02:00
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.
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 £5 per week.