Helical announces that it has completed on the disposal of six distribution warehouses for a combined price of €30.6m (£26m), representing a 7% premium to the March book value.
The six assets, totalling 35,488m², are located in Havant, Salford, Rugby, Alfreton and two in Northampton and have been sold to LondonMetric Property, reflecting a net initial yield of 6.5% with a weighted unexpired term in excess of seven years.
Duncan Walker, Investment Director, Helical commented; “The sale of this portfolio, at a premium to the March book value, is the culmination of Helical’s asset management initiatives.”
Helical was advised by Tudor Toone; the purchaser by Franck-Steier Price.
