By Natasha Roberts
Date: Tuesday 29 Jul 2014
LONDON (ShareCast) - Segro has acquired a portfolio of four UK logistics properties from Harbert European Real Estate Fund III for £49.5m, which it will fund from existing resources.
The purchase price reflects a net initial yield of 6.3%, generating annual net rent of £3.2m.
The portfolio comprises four Grade A warehouses totalling 53,100 square metres.
Three of the sites are big box distribution warehouses located within the UK logistics "golden triangle" in the Midlands, while the fourth is a light industrial warehouse on a business park in Norfolk.
NR
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