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Custodian REIT acquires distribution unit

03 October 2017 09:29

Custodian REIT has acquired a 43,370 sq ft distribution unit on Houston Industrial Estate, Livingston.

It said this was one of the most established industrial centres in Scotland at junction three of the M8, 15 miles from Edinburgh and 30 miles from Glasgow and nearby occupiers included Booker, Iceland and Hays.

It said unit was let to A Share & Sons Limited (trading as SCS) on a lease expiring on 2 Oct 2022.

The agreed purchase price of £2.59m reflected a net initial yield of 7.5%, subject to agreement of an ongoing rent review.

At 9:29am: (LON:CREI) Custodian Reit Plc share price was +0.5p at 114.75p

Story provided by StockMarketWire.com

Related Company: CREI

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