Tritax EuroBox has continued its rapid acquisition of a series of continental European logistics assets with the €35.7m (£31.2m) purchase of a warehouse near Bochum at a net initial yield of 4.9%.
The purpose-built logistics warehouse in the Rhine-Ruhr region of Germany has a gross internal area of 391,800 sq ft and is divided into four units, with an eaves height of 12 metres, and has significant yard area and parking.
Of the four units, one is let to SVH Handels, a subsidiary of craft giant Würth Group, on a fixed term of seven years while a second is let to WM Group, a logistics service provider, for a fixed term of five years.
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