LaSalle sells Wickes-let Ealing retail warehouse

Wickes

LaSalle Investment Management has sold a 30,918 sq ft retail warehouse unit on South Ealing Road, London to clients of CBRE GI for £14.5m, reflecting a net initial yield of 3.99%.

Located close to South Ealing Underground Station and the M4, the building is occupied by Wickes Building Supplies Limited. The sale encompasses a new tenancy agreement with Wickes, with an unexpired term of 13.25 years at a current passing rent of £617,520 per annum or £20.00/sq ft.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now