Finance

Warehouse REIT strikes above-ERV lettings in Coventry and Plymouth

By 2022-10-19T07:41:00

Boxes being carried on a forklift

Source: Fotolia

Last-mile logistics group Warehouse REIT has completed two lettings in Coventry and Plymouth totalling 205,000 sq ft.

The lettings will generate more than £1m of annual contracted rent, and the deal were struck at an average of 24% above estimated rental values and 30% above the previous passing rents.

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