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AEW UK Reit buys Basildon industrial building

AEW UK REIT has bought a 69,000 sq ft multi-let industrial building in Basildon, Essex, for £4.55m, reflecting a yield of 7.8% and a capital value of £66 per sq ft.
By Kasmira Jefford
April 12, 2017 | 12:50 P.M.

The warehouse, which is located within the Cranes Farm Industrial area next to the A127, is fully let to four tenants', providing a WAULT of just under four years to lease breaks and six years to expiry. 

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