21st Jul 2014 15:43
LONDON (Alliance News) - Highcroft Investments PLC Monday said its property subsidiary Rodenhurst Estates Ltd has bought a warehouse in Aldershot, Hampshire, from an unnamed Guernsey-based company in a deal worth GBP3.1 million, representing a net yield of 6.8%.
The real estate investment trust said the property, which sits on a 1.5 acre site, is 24,853 square feet.
The warehouse is let in its entirety to Buildspan Ltd, a wholly-owned subsidiary of SIG PLC, at a current rent of GBP225,000 a year, expiring in 2027.
Highcroft shares closed down 1.2% at 795.00 pence Monday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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