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Sarah Townsend
Industrial investor Warehouse Reit has bought four units totalling 390,000 sq ft on Boulevard Industry Park in Liverpool, as its grows its regional portfolio.
The value of the deal was £35m, reflecting a net initial yield of 5.5%, the company said in a statement to the London Stock Exchange AIM, where its shares are traded, today.
Boulevard Industry Park in Speke sits adjacent to Jaguar Land Rover’s 300-acre Halewood manufacturing plant and several AstraZeneca and Seqirus pharmaceutical facilities. The park fronts the A561 Speke Boulevard – the main southern gateway into Liverpool, with easy access onto the M57 and M62 motorways, as well as Liverpool’s John Lennon Airport.