Segro PLC (LON:SGRO) announced the acquisition of a warehouse park in West London from investment manager Federated Hermes for £202mln.
The FTSE 100 REIT said the estate is “perfectly located” for distribution into the UK capital being near major arteries and easy to reach by foot with the Perivale underground station.
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The estate provides 55,100 square metres of lettable space across 23 units and 8 acres of land which is currently leased as a vehicle compound.
It is fully let with a five-year contract, generating rent of £6.8mln.