16th Sep 2013 07:33
SLOUGH (Alliance News) - SEGRO PLC (SGRO.L) announced the completion of acquisition of a modern and well located logistics warehouse, from the Gemini portfolio for 30 million pounds. The purchase price represents a net initial yield of 6.9 percent.
The acquired 25,500 sq m logistics warehouse was developed in 2004 and is located in Barking, East London, close to the A13 and A406.
The company said it views East London as an area with strong potential for expansion given the on-going regeneration of the area and limited supply of good quality logistics warehousing.
Copyright RTT News/dpa-AFX
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