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Warehouse REIT : WHR

Warehouse REIT : WHR

Warehouse REIT aims to provide its shareholders with an attractive level of income together with the potential for income and capital growth by investing in a diversified portfolio of UK commercial property warehouse assets. The company will hold a diversified portfolio of well-located freehold and long leasehold warehouse assets including warehouses in the Industrial/Manufacturing, Storage and Distribution, Trade-counter and Retail Warehouse sub-sectors.

There will be a preference for multi-let estates and a strong focus on income-producing investments. The company may acquire property interests either directly or through corporate structures (whether onshore UK or offshore) and also through joint venture or other shared ownership or coinvestment arrangements.

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Warehouse REIT buys Cambridge industrial estate for £20m

Warehouse REIT has completed the acquisition of Cambridge South Industrial Estate for £20.15m, reflecting a net initial yield of 4.15%. The scheme, which comprises 68,000 sq ft across 13 newly built multi-let industrial units and an adjacent development site, is located on the wider Dales Manor Business Park, just seven miles south of Cambridge city centre, six […]

Warehouse REIT acquires industrial property

Warehouse REIT, the multi-let industrial specialist, has acquired an asset at Glasgow Airport Business Park for £5.3m, reflecting a net initial yield of 6.3%. The asset, which comprises three units totalling 55,600 sq ft, is occupied by two global transport companies and a craft beer distributor. It generates an annual income of £357,000, equating to […]

Warehouse REIT buys four warehouses in Liverpool

Warehouse REIT buys four warehouses in Liverpool – Warehouse REIT has bought four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, totalling 390,000 sq ft. The purchase price of £35m reflects a net initial yield of 5.5%. Ranging from 74,000 sq ft to 163,000 sq ft, the units are occupied by three separate occupiers […]

Warehouse REIT announces fundraise and Harlow acquisition

Warehouse REIT (WHR) has, in two separate releases, announced the acquisition of two adjacent distribution warehouses in Harlow as well as a fundraise that aims to raise gross proceeds of up to £45.9 million. The two warehouses total 177,000 sq ft and were purchased for £13.9 million including costs. The combined property generates £1.2 million […]

Warehouse REIT collects 96% of rent for year

Warehouse REIT has collected 96% of rent for its financial year to the end of March 2021, it announced as part of a trading update. For the current quarter, it has received 95% of rent (including 3% that has been deferred). This, it said, was higher than the equivalent date for the previous three quarters. […]

Warehouse REIT buys 200,000 sq ft of last mile warehouses

Warehouse REIT buys 200,000 sq ft of last mile warehouses – Warehouse REIT has bought a portfolio of four single and multi-let distribution warehouse assets for £18.6m. The purchase price reflects a blended net initial yield of 6.1%. Situated in key strategic last mile distribution hubs within the North West and the West Midlands, the 200,000 […]

Warehouse REIT acquires industrial estate for £17.5m

Warehouse REIT has acquired an industrial estate in Milton Keynes for £17.5m. The company has bought the Granby Industrial Estate, which comprises 24 urban logistics and trade counter units, for a net initial yield of 5.7%. The 10-acre estate offers 147,000 sq ft of gross lettable area which is let to 16 tenants, across 19 of […]

Warehouse REIT acquires £43.6m portfolio

Warehouse REIT has acquired a portfolio of five warehouses for £43.6m, reflecting a blended net initial yield of 6.7%. It has bought the properties from Greenstone Property Holdings, a company owned by Warehouse REIT directors Simon Hope and Stephen Barrow. The assets total 570,000 sq ft and provide an annual rent of £2.95m as well as […]

Warehouse REIT spends £82m

Warehouse REIT spends £82m – Warehouse REIT has completed the acquisition of two single-let warehouse assets located in the East Midlands and Cheshire, occupied by Amazon and Wincanton respectively. The assets have been purchased in two separate transactions for a total consideration of £82 million, reflecting a blended net initial yield of 5.4% and provide a […]

Warehouse REIT makes series of lettings

Warehouse REIT has made a series of lettings across its portfolio worth £1.9m in annual rent, reflecting the continued strength of the logistics sector. The group said it had completed or was under offer on 43 lettings and lease renewals since 1 April 2020. They cover 277,000 sq ft of space and will generate an […]