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.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
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