EDC and Stoford secure £74 million pre-let of state-of-the-art M&S logistics unit at Axis Works, Bristol

EDC and Stoford secure £74 million pre-let of state-of-the-art M&S logistics unit at Axis Works, Bristol

Real estate development and investment firm, Epta Development Corporation (“EDC”), and its development partner, Stoford, have completed the £74 million pre-let and sale of an M&S logistics unit at Axis Works, Bristol to LondonMetric Property Plc (“LondonMetric”).

LondonMetric Property Plc acquires long-let M&S logistics warehouse

LondonMetric Property Plc (LON:LMP) has announced the acquisition of a long-let M&S logistics warehouse for £74.0 million, reflecting a NIY of 5.65%. The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI. The highly specified warehouse is being developed by Epta Development Corporation (EDC) and its development partner, Stoford. It will be a key facility for M&…

LondonMetric buys M&S logistics warehouse - QuotedData

LondonMetric Property has forward-funded the acquisition of a pre-let M&S logistics warehouse in Bristol for £74.0m, reflecting a NIY of 5.65%. The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI. The highly specified warehouse is being developed by Epta …

LondonMetric - Acquisition of new M&S logistics warehouse for £74m

LondonMetric Property Plc (“LondonMetric”) announces the acquisition of a long-let M&S logistics warehouse for £74.0 million, reflecting a NIY of 5.65%.The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI.The highly specified warehouse is being developed by Epta Development Corporation (“EDC”) and its development partner, Stoford. It will be a key facility for…