19th Sep 2018 09:01
LONDON (Alliance News) - UK Commercial Property REIT Ltd said Wednesday it bought an industrial estate in Scotland from Grayling Capital for a headline price of GBP24.6 million.
The real estate investment trust said the acquisition of the M8 Industrial Estate near Glasgow has been funded via existing cash resources.
The estate comprises 20 units totalling 290,104 square feet and offers the potential for two further developments on site, the FTSE 250-listed company said.
It is currently 92% let to tenants including Boots UK and Rentokil Initial PLC.
UK Commercial Property REIT shares were trading up 0.1% at 89.42.
Related Shares:
Rentokil InitialUKCM.L