Walkers warehouse acquired for £12.1m

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A UK and European real estate investment management firm has acquired a distribution warehouse used by Walkers in Leicester for £12.1m.

The warehouse, which totals 122,275 sq ft and is located on Bursom Industrial Estate, has been acquired by Oxenwood Real Estate for Oxenwood Catalina, its joint venture with Catalina Holdings (Bermuda) Ltd, reflecting a net initial yield of 5 per cent.

The three-bay warehouse is let to Walkers for a further 10 years and is used for the storage of raw materials prior to being delivered to an adjacent manufacturing plant.

Stewart Little, co-founder and chief executive of Oxenwood, said: "Despite the competitive nature of the sector, it is reassuring that we continue to acquire assets off-market in locations

 link source - Insider Media - Property

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