CREI : Custodian REIT buys property in Nottingham
Custodian REIT is paying £1.741m for 15 St. Peter’s Gate in Nottingham. The retail unit is let to the White Company until June 2020 at a rent of £140,000 per annum – equivalent to a net initial yield of 7.75%.
Custodian REIT is paying for the property using its existing credit facilities and, after this deal, has invested £38m since it listed in March 2014.