LONDON, UK: abrdn European Logistics Income plc (ASLI) has completed the sale of a 32,645 sqm warehouse in Leon, Northern Spain, to SCPI Iroko Zen for €18.5m, 3% above the 31 December 2022 valuation. The property was acquired by ASLI for €15.3m in 2018 and is currently leased to Decathlon. This sale marks ASLI’s first…
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Warehouse REIT notifies £35 million acquisition in Liverpool
LONDON: Warehouse REIT announced the acquisition of four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, totalling 390,000 sq ft. The purchase price of £35 million reflects a net initial yield of 5.5%. Ranging from 74,000 sq ft to 163,000 sq ft, the units are occupied by three separate occupiers spanning the automotive…
TEHO EuROPE acquires warehouse in Netherlands for Euro 1.25mn
SINGAPORE: TEHO International Inc Ltd’s wholly-owned subsidiary TEHO EuROPE B.V. has entered into a purchase agreement to acquire a property located at Nikkelstraat 21 in Ridderkerk, the Netherlands from Indumat Vastgoed B.V. at a purchase consideration of EUR 1.25 million. The vendor, Indumat Vastgoed B.V., is a property developer and investment company incorporated in the…