5th Nov 2014 09:22
LONDON (Alliance News) - Custodian REIT PLC Wednesday said it has secured a deal to buy a warehouse in Warrington for GBP6 million.
The real estate investor said it has bought a 112,435 square foot warehouse in Warrington which is currently let to JTF Wholesale Ltd. The property is let on a 15-year lease which expires in December 2023 on a current rent of GBP485,000 per year.
The GBP6 million consideration has been funded through existing cash resources, Custodian REIT said.
Custodian REIT shares were trading flat at 108 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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