Property investor delivers on £33m Royal Mail deal
Property investor Tritax Big Box has delivered its latest acquisition after spending £32.7m on a Royal Mail centre in Warwickshire.
The purchase of the 380,000 sq ft regional distribution centre is at "an attractive yield" of 6.1%.
It is let to the Royal Mail for a further 10 years, with its next rent review due in four years' time.
Colin Godfrey, partner of Tritax, believes the site "offers the potential for strong rental growth in 2021 as well as opportunities for future value enhancement".
He said: "The Royal Mail prov... 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...
