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Iain Gilbert Sharecast News
21 Mar, 2022 10:37

Warehouse REIT to acquire industrial development in Oxfordshire

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Warehouse REITSharecast graphic / Josh White

Warehouse Reit

77.90p

16:40 27/12/24
-1.27%
-1.00p

Real estate investment trust Warehouse REIT has exchanged contracts to acquire a 170,000 square foot multi-let industrial development in Oxfordshire via a forward funding agreement.

FTSE AIM 100

3,446.36

17:05 27/12/24
n/a
n/a

FTSE AIM 50

3,881.53

17:05 27/12/24
n/a
n/a

FTSE AIM All-Share

715.19

17:00 27/12/24
n/a
n/a

Real Estate Investment Trusts

1,995.14

16:29 27/12/24
0.00%
1,995.14

Warehouse REIT said on Monday that it had agreed to purchase the asset, which will be delivered by W Lamb, Blakelands, and Westhall Estates, for a fixed total price of £35.0m.

The AIM-listed firm stated the scheme, which has just secured detailed planning permission and was scheduled to practically complete in December, comes with a 12-month rent guarantee that will show a running yield in excess of 4.6% based on the acquisition cost.

Warehouse REIT added that the 10.6-acre site was strategically located 15 miles east of Oxford and adjacent to the A329, 2.5 miles from Junction 7 of the M40, which connects directly to London and Birmingham.

As of 1035 GMT, Warehouse REIT shares were down 1.34% at 161.60p.

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