Industrial portfolio snapped up for £42m
Columbia Threadneedle has acquired the Network North portfolio from investment and development company Network Space for £41.9m.
The 630,000 sq ft Network North is a Grade A multi-let industrial portfolio in the north of England with 60 tenants in 17 locations in Yorkshire and Lancashire.
The annual rent roll is £2.85m, reflecting a net initial yield of 6.37%.
The portfolio is 92% let and of Grade A quality. Most of the assets have been built by the vendor since 2000 and managed in-house by its specialist teams.... For the full story register now for free or login below...