Lancashire County Council Pension Fund has bought a 281,000 sq ft shed at Wakefield Europort, West Yorkshire from IDI Gazeley for £19.1m.
The shed in Tuscany Way is occupied by Bibbys Distribution on a 10-year lease ending in 2026. The rent charged is £4.16 per sq ft.
Rebecca Farnsworth, investment partner at Knight Frank, which advised the purchaser, said: “This is one of the most significant investment deals in Yorkshire this year.
“The region continues to be popular with investors and this sale underlines that.”
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