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Tritax Big Box REIT acquires RM distribution facility

02 October 2017 07:30

Tritax Big Box REIT has exchanged contracts to acquire a National Distribution Centre at Danes Way, Daventry International Rail Freight Terminal, Northamptonshire let to Royal Mail Group.

The company said the total consideration was £48.82 million (excluding purchaser's costs), reflecting a net initial yield of 5.0%.

It said the purchase was being funded from equity.

Story provided by StockMarketWire.com

Related Company: BBOX

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