UBS Asset Management Buys Amazon Logistics Hub in Belfast for £27M

UBS Asset Management Real Estate & Private Markets business has announced that it has acquired a prime last mile distribution facility in Belfast, Northern Ireland, that has been purpose-built for leading global online retailer, Amazon. The property was acquired from Titanic Quarter Ltd for £27m on behalf of clients of UBS-AM, with the purchase price reflecting a net initial yield of 5.5%. The state-of-the-art development completed in September 2020.