Lismore Real Estate Advisors has advised West Ranga Property Group on the sale of its newly developed Scania HQ warehouse facility in Eurocentral.
The building reached completion in November 2021 and extends to 43,598 sq.ft on a 7.8 acre site. It is let to Scania (Great Britain) Limited on a 15 year term.
The sale was by way of a forward commitment and the price of £10.725 million equates to a net initial yield of 4.50%.
The warehouse has outstanding green credentials, at a time when sustainability and energy efficiency are very much at the front of investors’ minds.