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Warehouse REIT Strikes First IPO Deal

Cheshire & Warrington News

CW302

Specialist property investor Warehouse REIT has made its first acquisition following its London Stock Exchange flotation last week.

The Chester-based business raised £150m when it went public on 20 September 2017.

It has now agreed to buy four multi-let industrial estates from Hansteen Holdings for a total consideration of £26.25m plus costs.

Two of the sites are located in the North West, one is in the Midlands and another is in the South East. They have a combined floorspace of 603,000 sq ft and generate an annual net rent of £2.1m.

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