LONDON: LondonMetric Property Plc has acquired two warehouses in Milton Keynes for £31.2 million, reflecting a blended net initial yield of 4.4% and a reversionary yield of 5.0%, a news release said. The buildings have a WAULT of 22 years and benefit from contractual rental uplifts. The two properties have been acquired in separate transactions…
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Warehouse REIT acquires Granby Industrial Estate in Milton Keynes for £17.5 million
LONDON: Warehouse REIT has acquired Granby Industrial Estate in Milton Keynes, comprising 24 urban logistics and trade counter units. The purchase price of £17.5 million reflects a net initial yield of 5.7%. Granby Industrial Estate benefits from a highly prominent position opposite two of Milton Keynes’ most popular leisure destinations, MK Dons Football Stadium and…