Tritax Big Box REIT has agreed to forward fund the development of a new £89.3m national distribution centre for Bosch Group’s BSH Home Appliances at Midlands Logistics Park in Corby.
Conditional to full planning consent, the purpose-built facility will span a gross internal area of 945,375 sq ft and become BSH’s largest UK distribution centre for its home appliances range including brands such as Bosch, Siemens and Neff. Tritax Big Box’s investment represents a net initial yield of 5.2%.
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