By Richard Hook2018-10-30T09:16:00
Tritax EuroBox has continued its acquisition of continental European logistics assets with the €81.6m (£72.7m) purchase of budget retailer Action’s German logistics hub.
The acquisition, at a net initial yield of 4.8%, is the first as part of Tritax EuroBox’s tie-up with Dietz which sees the latter act as asset manager for all EuroBox assets in Germany. The partnership also gives Tritax has access to the Dietz development pipeline.
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