19th Jan 2022 21:22
BMO Commercial Property Trust Ltd - company which invests in UK commercial properties - Acquires two logistics assets in December for GBP66 million and commits to two developments for GBP10.5 million originating from existing portfolio.
First acquisition is Orion One and Two, Markham Vale, Derbyshire for a price of GBP44.5million reflecting an initial yield of 3.7%. The two newly built units were completed in April 2021 and are located within Derbyshire's 200-acre redevelopment scheme adjoining junction 29A of the M1 motorway. Second acquisition, for GBP21.5 million, is Unit 4, Quintus Business Park, Burton-Upon-Trent which is structured as a forward funding to develop a new logistics warehouse of 171,550 square foot. Second deal has initial yield of 4.84%.
Current stock price: 112.00 pence, up 1.1% on Wednesday in London
12-month change: up 42%
By Paul McGowan; [email protected]
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Related Shares:
Balanced Commercial Property Trust