24th Oct 2018 10:59
LONDON (Alliance News) - Warehouse REIT PLC said Wednesday it acquired a warehouse in Cheshire, England, for GBP2.8 million.
The real estate investment trust said the acquisition price reflects a net initial yield of 7.3% with the warehouse currently generating a rental income of GBP216,432 per year.
The warehouse is fully let to Amazon UK Services Ltd, a unit Amazon.com Inc, on a newly-agreed five-year lease to serve the online retailer's distribution requirements across the region, the company said.
Warehouse REIT shares were trading down 0.2% at 94.0 pence each.
Related Shares:
Warehouse Reit