Warehouse in St Helens is sold for £68.7m
Tritax Big Box REIT has agreed to buy a logistics centre in St Helens for £68.7m.
The centre, thought to be an Amazon warehouse, will be bought once planning consent has been approved.
The price represents a maximum commitment of £68.7 million, reflecting a net initial yield of 4.9%, rising to 5.4% at the first rent review in 2024.
The development includes a warehouse with docking on three sides, 360-degree circulation, a roof height of 12 metres and service yards on three sides with 67 metre depths which is wider than the ... 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...