Source - SMW
Warehouse REIT has acquired a warehouse in Plymouth from a client of BMO Global Asset Management for £4.3m, reflecting a net initial yield of 7.4%.

The 66,000 square foot property sits on a 3.9 acre site within the Parkway industrial estate and is on a 25-year lease, with over three years to expiry.

"The asset offers good reversionary potential through negotiating a new head lease agreement, whilst the accessible location and its adjacency to higher value warehouse uses offers longer-term development opportunities," the company said.


At 8:14am: (LON:WHR) Warehouse Reit Plc Ord 1p share price was -0.5p at 101.5p