“Golden Triangle” Investment Acquisition
BFS has just advised Fiera Real Estate UK (“FRE UK”) on the acquisition of a 98,868 sq ft facility in Loughborough for over £12million, reflecting a net initial yield of 4.5%.
The property was acquired by way of sale and leaseback and is let to Meggitt Aerospace Ltd, with a guarantee from Meggitt International Holdings Ltd for a term of 20 years subject to five-yearly reviews geared to RPI with an annual collar and cap at 1% and 3% per annum compounded.
The site extends to approximately 6.1 acres providing a total of 98,868 sq ft across four main buildings situated within “the Golden Triangle’ and within one mile of junction 23 of the M1. The cities of Nottingham and Leicester, both dominant economic centres for the East Midlands region are 19 miles north and 13 miles south.
For more detail click on https://www.fierarealestate.co.uk/news/fiera-real-estate-completes-sale-leaseback-of-98000-sq-ft-loughborough-facility-for-over-12million/?utm_content=186844176&utm_medium=social&utm_source=linkedin&hss_channel=lcp-753700
