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The Blog

Investment Acquisition – Kettering

Friday 20th September, 2019

TDB Real Estate acting on behalf of a Hong Kong Property Company, have acquired two modern industrial investments on a sale and leaseback basis, let to Eclipse Colour Print Ltd.

New 15 year FRI leases (with no breaks) and indexed rent reviews were signed.

In addition as part of the same deal, a vacant warehouse of 14,407 sq ft was also purchased, this is now undergoing refurbishment and is available to let.

The approximate net initial yield in relation to the sale and leaseback properties was a shade over 6%.

For further information please contact  Mark Brown at TDB Real Estate (mark@tdbre.co.uk/01604 604020).