Lismore Real Estate Advisors have advised abrdn Property Income Trust on the sale of two warehouse units at Cullen Square, Livingston to French Investment Manager THEOREIM on behalf of it’s European SCPI fund Log In.
Extending to 52,499 sqft, Unit 1 is let to UK Mail Group plc at a rent of £276,150 per annum, with Unit 2, extending to 28,789 sqft, let to Crown Worldwide Holdings Ltd at a rent of £178,890 per annum.
The price of £6.25m reflects a net initial yield of 6.37%.
