Finance

Warehouse REIT buys Glasgow Air Cargo Centre for £11m

By 2019-02-04T08:02:00

Warehouse

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

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.

Registered users and subscribers SIGN IN here to continue