IN BRIEF: Custodian REIT buys distribution facility for GBP11 million
13th Sep 2022 10:55
Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys a 91,955 square feet distribution facility located between Glasgow and Edinburgh for GBP11.1 million. It has a net initial yield of 5.3%. The property is on the Eurocentral industrial estate at Junction 7 of the M8 motorway. It is fully let to distribution company Gist Ltd, with five years remaining on the lease, producing a yearly rent of GBP623,160. Funds the acquisition through its existing debt facilities. Read More