Industrial Portfolio

GE Manufacturing Facility

Cramlington, Northumberland

 

Description
Headquarters office and manufacturing facility

Purchase Price
£11.08 million

Net Initial Yield
5.75%

Size
74,110 sq ft

Acquisition Structure
Pre-let forward funding

Date Acquired
March 2017

Rent Review
Retail Price Inflation (RPI)

Tenant/Guarantor
GE UK Group

Lease Term
20 years, without break, from completion of construction works

SIG Manufacturing Facility

Carlisle, Cumbria

 

Description

Manufacturing facility

Purchase Price

£9.3 million

Net Initial Yield

7.0%

Size

248,333 sq ft

Acquisition Structure

Built asset

Date Acquired

June 2017

Rent Review

Retail Price Inflation (RPI)

Tenant/Guarantor

SIG (Trading) Limited

Lease Term

25 years unexpired, with no break

Stobart biomass storage and processing plant

Rotherham, Yorkshire

 

Description

Biomass storage and processing plant

Purchase Price

£3.4 million

Net Initial Yield

6.20%

Size

Six acres

Acquisition Structure

Built asset

Date Acquired

February 2018

Rent Review

Retail Prices Inflation (RPI)

Tenant/Guarantor

Stobart Biomass Products Limited/Stobart Group Limited

Lease Term

20 years unexpired, with no break