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Segro in Pole Position to Buy Tesla Warehouse in the Netherlands for €48 Million

Below-Market Rent Leads to Low Yield of 4%
A Tesla Model S electric car is on display during 2020 Beijing International Automotive Exhibition (Auto China 2020)  (Photo by VCG/VCG via Getty Images)
A Tesla Model S electric car is on display during 2020 Beijing International Automotive Exhibition (Auto China 2020) (Photo by VCG/VCG via Getty Images)

UK REIT Segro is in pole position to acquire a Tesla warehouse in Tilburg, the Netherlands, after submitting the highest bid of €48 million, said two sources.

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