European logistics investor Tritax EuroBox is buying eight assets in Germany, Italy, Spain, Poland and Belgium for €550m (£494m).
Each of the assets, which average around 850,000 sq ft, is currently under offer and at an advanced stage of due diligence.
The properties have an average weighted unexpired lease term of 12.4 years and a weighted average net initial yield of more than 5%.
One of the properties is a forward funded development, the rest are standing assets.
Tritax EuroBox said it was also progressing discussions with several potential lenders in relation to arranging debt financing to support its aggressive expansion plans.
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