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AEW UK REIT acquires logistics warehouse

By BFN News | 07:31 AM | Wednesday 30 November, 2016


AEW UK REIT has acquired a c. 144,000 sq ft logistics warehouse in Bradford for £4.95 million, reflecting a Net Initial Yield of 8.1%, reversionary yield of 8.9% and a capital value of £34 per sq ft. The warehouse, which is located on the established Euroway Trading Estate in Bradford, is let to Advanced Supply Chain on an eight year lease, at a low passing rent of £2.98 per sq ft, providing opportunities for future income growth. The site is strategically located near Junction 2 of the M606 and is close to the major conurbations of both Leeds (17km) and Manchester (60km), while also providing good access to the M1 servicing Birmingham and London, as well as the A1 north. Story provided by StockMarketWire.com

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