Property investor expands Midlands portfolio with £80m acquisition
Commercial property investor Tritax Big Box has invested almost £80m in a deal which strengthens its Midlands distribution portfolio.
The real estate investment trust has exchanged contracts with ProLogis European Finance XI Sarl to acquire two large logistics facilities at Prologis Park, Stoke-on-Trent.
The two units are let to fashion, food and soft furnishings retailers Marks and Spencer and Dunelm.
The combined net purchase price is £78.5m, which will be funded from equity.
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