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Tritax EuroBox acquires €31.2 million logistics facility in Belgium

StockMarketWire.com

Real estate investor Tritax EuroBox said it had acquired a €31.2 million logistics facility in Nivelles, Belgium from Logistics Capital Partners.

The 34,125 sqm logistics facility comprised of two units; one of 18,140 sqm and the other 15,985 sqm.

The acquisition price of €31.2 million reflected a net initial yield of 4.8% based on the income from the in-place lease and the rental guarantee.

Completion of the acquisition was subject to practical completion of the development that was anticipated in mid-December 2020.

Logistics Capital Partners will then continue to manage the asset, as part on its ongoing management contract across the portfolio.









At 9:45am: (LON:EBOX) Tritax Eurobox Plc Ord Eur0.01 Gbp share price was 0p at 93.8p


Story provided by StockMarketWire.com