Pension fund snaps up B&Q warehouse store for £11.6m
A 71,000 st ft B&Q warehouse in Hull has been purchased by an occupational pension fund for £11.6m.
LondonMetric Property this morning announced that the Metric Income Plus Limited Partnership (MIPP), its joint venture with Universities Superannuation Scheme Ltd, made the disposal; reflecting a blended NIY of 6%.
The store was bought by the joint venture in November 2016 for £9.4m with an unexpired lease term of 12 years.
Andrew Jones, chief executive ... 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...
