IN BRIEF: Warehouse REIT Buys Warehouse Portfolio GBP18.6 Million

Tue, 22nd Dec 2020 13:52

Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys 200,000 square feet warehouse portfolio for GBP18.6 million. Portfolio - which comprises four single and multi-let distribution warehouse assets in the North West and the West Midlands - produces a total annual rent of GBP1.2 million. Purchase price reflects a blended net initial yield of 6.1%.

Current stock price: 116.00 pence

Year-to-date change: up 4.8%

By Ife Taiwo; ifetaiwo@alliancenews.com

Related Shares

More News

25 Jun 2024 09:48

Warehouse REIT reports robust year, part-acquires Ventura Retail Park

(Sharecast News) - Warehouse REIT reported a robust set of full-year results on Tuesday, driven by strong occupational demand and a focus on multi-let...

25 Jun 2024 09:28

Warehouse REIT swings to profit as disposal programme continues

(Alliance News) - Warehouse REIT PLC on Tuesday said it returned to profit after reporting a fair value gain on investments, compared to a chunky loss...

24 Jun 2024 10:25

IN BRIEF: Warehouse REIT completes disposal of single-let assets

Warehouse REIT PLC - London-based real estate investment trust - Completes sale of GBP57.5 million of single-let assets in three separate transactions...

24 Jun 2024 10:15

SMALL-CAP WINNERS & LOSERS: SIG says profit to fall short of consensus

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

24 Jun 2024 10:15

Warehouse REIT sells £57.5m of single-let assets

(Sharecast News) - Warehouse REIT announced the completion of £57.5m in sales of single-let assets on Monday, through three separate transactions...