ACRE Capital have successfully advised LondonMetric Property Plc on the acquisition of a prime long-let South East distribution warehouse. The unit is located in Basildon and was let to WCM by way of a new 20-year sale and leaseback with RPI-linked rental increases. The investment was a strategic acquisition for LondonMetric who also own the adjacent building. The property was acquired for a price of £6,325,000.
Property Type: Distribution Warehouse
Transaction Type: Acquisition