Finance

Warehouse REIT splashes out £43m on five-asset portfolio

By 2020-11-16T07:59:00

Warehouse

Warehouse REIT has agreed a £43.6m deal with Greenstone Property Holdings to buy a portfolio of five single-let and multi-let warehouses across the UK.

The deal for 570,000 sq ft of space reflects a net initial yield of 6.7% and provides an average unexpired lease term of 5.5 years.

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