Aprirose completes sale of north west industrial facility

Having agreed the forward purchase of the new prime Grade A unit, on which logistics operator Law Distribution have signed a 15-year lease, Aprirose has taken the opportunity to sell the facility to NFU Mutual for an undisclosed price.

“We are pleased to have executed the quick sale of this asset, seizing this excellent opportunity to recycle our capital as we look to continue to invest heavily in our core sectors; affordable PRS, senior living, hospitality and leisure, along with industrial real estate,” commented Meenal Devani, Chief Investment Officer, Aprirose.

“NFU Mutual is really pleased to add this prime distribution unit to our industrial portfolio in such a competitive environment,” added John Brice, Property Fund Manager, NFU Mutual. “This acquisition complements our existing portfolio by virtue of its ESG characteristics and long-term income, delivering upon our current strategy.”