LaSalle sells Wickes-let Ealing retail warehouse


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 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 £6 per week.

Registered users and subscribers SIGN IN here to continue