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Aviva buys Preston warehouse

Aviva Investors has bought the Thyssenkrupp Aerospace at the Walton Summit Industrial Estate in Preston from M&G Investments, for £7.29m, reflecting a net initial yield of 7.65%.
CoStar News
June 20, 2014 | 3:46 P.M.

The 147,000 sq ft modern distribution warehouse and ancillary office building is let to ThyssenKrupp Aerospace UK, worldwide supplier of metals and other materials to the aerospace, defence and high technology industries, for a further five years, at a passing rent of £590,000 pa and a low capital value of £47 per sq ft.

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News | Aviva buys Preston warehouse