Industrial portfolio snapped up for £42m
Columbia Threadneedle has acquired the Network North portfolio from investment and development company Network Space for £41.9m.
The 630,000 sq ft Network North is a Grade A multi-let industrial portfolio in the north of England with 60 tenants in 17 locations in Yorkshire and Lancashire.
The annual rent roll is £2.85m, reflecting a net initial yield of 6.37%.
The portfolio is 92% let and of Grade A quality. Most of the assets have been built by the vendor since 2000 and managed in-house by its specialist teams.... 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...
