Tritax Big Box REIT acquires AO World distribution centre
Source - SMW
Tritax Big Box REIT has acquired a national distribution centre at Weston Road, Crewe, Cheshire.
The property is let to Expert Logistics, a wholly-owned subsidiary of AO World.
The total consideration is £36.10m. The property is being acquired with an unexpired lease term of approximately nine years, which is subject to five yearly upward only open market rent reviews.
The next rent review is due in April 2021.
At 8:17am: (LON:BBOX) Tritax Big Box Reit Plc share price was -0.3p at 150p