LXi REIT has sold vehicle distributor BCA Group’s facility in Corby, Northamptonshire, to a UK pension fund for £68m, reflecting a yield of 4.45%.
The sale follows a regearing of the BCA lease in July, increasing the term from 16 years to 25 years.
The REIT bought the 121-acre car storage facility in 2018 for £60m, reflecting a net initial yield of 5.25%.
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
