A 44,000 sq ft modern distribution facility let to ProCook on a new 20 years lease, without break. The long leasehold interest was acquired by way of a sale and leaseback at an initial yield of 5.5%.
A modern warehouse facility comprising 72,500 sq ft, let to Crown Packaging for in excess of 10 years. The long leasehold interest was acquired by FWHRE at an initial yield of 5% from a private investor.
A modern warehouse facility comprising 284,00 sq ft and let to Crown Packaging Manufacturing UK Ltd until September 2027. The freehold was acquired by FWHRE at an initial yield of 5.15% from Prologis.
A modern warehouse facility comprising 90,500 sq ft and let to Great Bear Distribution until May 2024. The freehold was acquired by FWHRE at an initial yield of 6.34% from La Salle Investment Management.
A premier distribution unit of 210,000 sq ft adjacent to the M1 motorway at Junction 15. The property was let to Yusen Logistics for approximately 9 years and the purchase price, concluded by way of a swop deal, reflected a net initial yield of 5.5%. In exchange, Segro disposed of two Premier Inn hotels in Uxbridge and Enfield at a price reflecting a yield of 4.7%, to a private UK based family trust.
A modern warehouse facility comprising a total floor area of 132,000 sq ft and let to Spectrum Brands (UK) Ltd until January 2030. The freehold was acquired by FWHRE at an initial yield of 6.24% from an overseas investor.
A distribution unit of 170,000 sq ft located on one of the UK’s premier distribution parks within close proximity of the M1 motorway. The property was let to Travis Perkins for approximately 10 years and the purchase price reflected a net initial yield of sub 5.5%. The asset was acquired by Zurich Insurance, clients of CBRE Global Investors from London Metric.
A modern well located cash and carry unit within the south west quarter business district of Lincoln, close to the A46. The property comprised approximately 48,000 sq ft and was let to Booker Ltd for a further 9 years. The freehold interest was acquired at a yield of 6.8%.
A brand new industrial and warehouse facility situated in the commercial area of Darlington close to the A1(M) motorway. The unit comprised a total floor area of 34,000 sq ft and was let to FPE Seals guaranteed by Diploma Holdings Plc on a new 15 year term with the benefit of two fixed rental increases in 2020 and 2025. The freehold was acquired at an initial yield of 5.8% from the developer.
A modern well located 60,000 sq ft distribution and cold storage facility on a 1.95 hectare (4.8 acre) site, close to junction 7 of the M6 Toll Road. The unit was let to BFS Group (trading as 3663) for a further 12 years. The freehold was acquired at a yield of 7.8%.
A new parcel distribution warehouse facility located 20 miles to the south west of Norwich adjacent to the A11. The unit comprised approximately 36,700 sq ft with 5 dock level and 26 level access loading doors. The property was let to Geopost UK Ltd, trading as DPD for a term of 20 years from 2013. The freehold interest was acquired from the developer at an initial yield of 6.5%.
A portfolio of two multi let and one single let industrial assets totalling 140,000 sq ft in Wellingborough, Glasgow and Swanley. The single let unit in Glasgow was let to Parcelpoint for a further 5 years whilst the multi let assets in Wellingborough and Swanley were let to tenants including Ray Mallock, Palco, Keyboard Print solutions and West House Transport. The portfolio was acquired by Threadneedle Property Investments at a yield of 7.5%.