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AEW UK REIT plc: AEW UK REIT acquires Leeds industrial estate

AEW UK REIT plc (AEWU)


AEW UK REIT plc: AEW UK REIT acquires Leeds industrial estate

15-Feb-2019 / 10:04 GMT/BST


Dissemination of a Regulatory Announcement, transmitted by EQS Group.


The issuer is solely responsible for the content of this announcement.



15 February 2019

AEW UK REIT acquires Leeds industrial estate for €7.3m

AEW UK REIT plc ("the Company") is pleased to announce that it has acquired an industrial asset, Lockwood Court, Parkside Industrial Estate in Leeds for a gross purchase price of €7.3m, reflecting an attractive initial yield of 7.7%.

The 187,794 sq ft warehouse asset is fully let to LWS Yorkshire Ltd, a logistics and storage provider for Harrogate Spring Water, on a 10 year lease from October 2018. The lease provides a low passing rent of €3.22 per sq ft which, together with tight supply, forms a strong base for future potential rental growth.
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