October 7, 2016 / 6:41 AM / in 10 months

BRIEF-Custodian Reit buys Daventry distribution unit

1 Min Read

Oct 7 (Reuters) - Custodian Reit Plc :

* Says acquired a 44,643 sq ft distribution unit on Heartlands Business Park, Daventry

* Says unit is let to Cummins Limited on a lease expiring on July 15 2019

* Purchase price of 3.08 mln stg was funded from co's existing debt facilities, resulting in net gearing increasing to 23.1 pct loan to value

* Says current passing rent is 221,045 stg per annum reflecting a net initial yield of 6.75 pct Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below