Big shed specialist grows West Midlands portfolio with £92m acquisition
Big shed specialist Tritax Big Box has expanded its West Midlands portfolio with the purchase of a 700,000 sq ft logistics hub in a deal worth more than £92m.
The company, which is already behind two major logistics projects in the region, has invested £92.33m on the retail distribution facility at Birch Coppice Business Park, Dordon.
The hub serves the online retail arms of both Ocado and Morrisons.
Tritax said the price reflected a net initial yield of 5.25% on the asset acquisition. The purchase is being funded from equi... 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...
