Eddie Stobart, Leeds

  • Acquisition of a 25 acre site encompassing a distribution warehouse of 413,959 sq ft, in August 2018.
  • Property is located in Sherburn in Elmet, an established distribution location on the periphery of Leeds.
  • Property is let to Eddie Stobart Ltd with an unexpired term of 17 years, and five yearly rent reviews to the higher of fixed uplifts and OMV.
  • Acquired for £31.75m with a 5.0% net initial yield.