Lismore Real Estate Advisors have advised West Ranga Developments on the forward funding sale of a new HGV sales and service centre facility at Inchinnan Drive, Glasgow.
The development, targeting a low site coverage of 10%, is pre let to Scania (Great Britain) Limited on a 15 year FRI lease which is subject to 5 yearly rent reviews that are linked to RPI (2% – 4%).
The HGV sales and service centre will become the latest decarbonised facility in Scania’s UK portfolio anticipating an EPC “A” Rating. The total maximum commitment will be circa £10 million reflecting a funding yield of circa 6.75%.