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Hines Capitalise on Guaranteed Performance

By December 2019 Transactions

ACRE Capital have advised the Hines Global Income Trust on the acquisition of the DSG distribution warehouse at Avonmouth in Bristol.

The property is let to DSG on FRI terms, with approximately 11 years unexpired, and benefits from two further fixed rental uplifts, providing guaranteed performance over the remainder of the lease term.

Avonmouth is the South West’s premier distribution location and the acquisition strategically coincides with the construction of a major new junction of the M49 Motorway in immediate proximity to the property.

The property was acquired for a price of £36,550,000.

Location: Bristol
Property Type: Distribution Warehouse
Transaction Type: Purchase
Client: Hines