Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys 200,000 square feet warehouse portfolio for GBP18.6 million. Portfolio - which comprises four single and multi-let distribution warehouse assets in the North West and the West Midlands - produces a total annual rent of GBP1.2 million. Purchase price reflects a blended net initial yield of 6.1%.
Current stock price: 116.00 pence
Year-to-date change: up 4.8%
By Ife Taiwo; ifetaiwo@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Warehouse Reit (WHR)