Warehouse REIT buys property portfolio for £116m

Industrial property investor Hansteen, which has a base in Warrington, has sold its Industrial Multi Property Trust portfolio for £116m to an entity owned by Chester-headquartered Warehouse REIT. LSE-listed Hansteen acquired the portfolio through its successful offer for IMPT almost a year ago. The portfolio consists of 51 UK multi-let properties offering about 500 leasable units with a total floor area of about 1.65 million sq ft and a passing rent roll of £8m a year at June 30, 2017. The contracted rent roll is currently ... For the full story register now for free or login below...
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