Deal signed for £4.1m Royal Mail site

A Leeds estate let to Royal Mail has been sold in a £4.1m deal to Telereal Trillium. Property investors and developers Telereal Trillium have bought the Thwaites Farm Industrial Estate in Leeds with help from Savills. The scheme comprises seven industrial units totalling 76,215 sq ft, which are fully let to Royal Mail Group at a passing rent of £294,925. It has been bought from CBRE Global Investors and the deal reflects a net initial yield of 6.75%. The site is used for last mile delivery by Parcelforce, which is p... For the full story register now for free or login below...
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