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

Stobart industrial facility
and HQ office

Widnes, Cheshire

 

Description

Substantial industrial facility to store and process biomass timber and headquarters office

Purchase Price

£25.5 million

Net Initial Yield

5.50%

Size

40 acres

Acquisition Structure

Built with construction elements (fully let)

Date Acquired

June 2018

Rent Review

Retail Prices Inflation (RPI)

Tenant

Stobart Group Limited

Lease Term

22.5 years unexpired, with no break