Warehouse REIT spends £70m on Aviva portfolio

Warehouse

Warehouse REIT, the AIM-listed specialist industrial investor, has paid Aviva Investors £70m for an eight asset fully-let portfolio of warehouse and distribution assets.

Producing an annual rent of £5.38m, the purchase price reflects a net initial yield of just over 7%. An additional deferred payment of up to £5m is due on or before September 2023.    

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