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Article: GBP70.25m Sales And First X2 Letting.
- Article from:
- M2 Presswire
- Article date:
- May 13, 2009
CopyrightCOPYRIGHT 2009 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-13 May 2009-Brixton plc: GBP70.25m Sales And First X2 Letting(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:13052009
Brixton plc has sold four industrial units to AEW Europe for their European Property Investors Special Opportunities Fund (EPISO) for a total consideration of GBP70.25m. In addition Brixton has also completed the letting of three units at its two-storey warehouse scheme X2, Heathrow and 2 units at The Heathrow Estate.
Sales
Unit 3, Polar Park, Heathrow has been sold for GBP11,212,500, a net initial yield of 6.7%, assuming normal purchase costs of 5.725%. It is let to the Metropolitan Police Authority at a rent of ...
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