Warehouse REIT buys property portfolio for £116m
Industrial property investor Hansteen, which has a base in Warrington, has sold its Industrial Multi Property Trust portfolio for £116m to an entity owned by Chester-headquartered Warehouse REIT.
LSE-listed Hansteen acquired the portfolio through its successful offer for IMPT almost a year ago.
The portfolio consists of 51 UK multi-let properties offering about 500 leasable units with a total floor area of about 1.65 million sq ft and a passing rent roll of £8m a year at June 30, 2017.
The contracted rent roll is currently ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
