ACRE Capital have successfully advised Exeter Property Group on the off-market acquisition of a prime highly reversionary distribution warehouse let to Howdens. The property is located on Capitol Park, Doncaster and benefits from immediate proximity to the M18 Motorway. The highly reversionary passing rent of 4.50 per sq ft provides Exeter with the opportunity to enhance the rental income at lease expiry in approximately two years. The property was acquired for a price of 9,900,000.
Property Type: Distribution Warehouse
Transaction Type: Acquisition
Client: Exeter Property Group