Warehouse REIT to acquire £18.25m worth of UK industrial space

Warehouse REIT has exchanged contracts to acquire a portfolio of seven industrial assets in the North West worth £18.25 million.

The portfolio totals 326,254 sq ft.

“This portfolio, and the attractive yield at which it has been secured, clearly fits with Warehouse REIT’s investment strategy of acquiring good quality, well located assets that offer compelling opportunities to enhance value through asset management,” said Neil Kirton, non-executive chairman, Warehouse REIT. “We look forward to integrating these assets into our wider portfolio while we continue to source new opportunities to effectively deploy the remainder of our IPO proceeds in order maximise the income returns we deliver for shareholders.”