Lothian Pension Fund has acquired Titan – a prime logistics warehouse at Eurocentral in North Lanarkshire, from Winward Titan Limited.
Titan is currently let to The Scottish Ministers (NHS) until 31st January 2031, at a rent of £766,094 per annum reflecting £6.19 per sq.ft.
The purchase price of £14,326,000 reflects a net initial yield of 5.01% and capital value of £116 per sq ft.
Lismore Real Estate Advisors acted on behalf of Lothian Pension Fund.
