Stobart Group HQ sold in £25.5m deal
The new Stobart Group headquarters in Widnes has been sold in a deal worth £25.5m.
The site, which is still under construction, has been bought by property investment firm LXi Reit.
A statement on the purchase was made to the Stock Exchange this morning.
The company acquired the freehold interest in the new Stobart industrial facility and offices which are currently under construction in a sale and leaseback transaction.
The purchase price of £25.5m reflects a net initial yield of 5.5% and was funded by the disposal of t... 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...
