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AEW UK REIT buys office building for £2.18m

By BFN News | 08:01 AM | Friday 28 August, 2015


AEW UK REIT has completed the acquisition of a two-storey office building in Hertfordshire for £2.18m, net of acquisition costs. Vantage Point, 23 Mark Road, Hemel Hempstead, comprises a two storey office building of 18,407 sq ft located within the established Maylands Business Park located within of the M1 Motorway and 10 miles south of Luton Airport. The property is fully let to two tenants, providing a weighted average unexpired lease term of 5 years to break and 9.4 years to expiry. The purchase price reflects a net initial yield of 8.4% and reversionary yield of 8.4%. At 8:01am: (LON:AEWU) Aew Uk Reit Plc Ord Gbp0.01 share price was +0.26p at 102.88p Story provided by StockMarketWire.com

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