NKU Portfolio

As part of a joint venture we have acquired a portfolio of six good quality industrial properties in strong regional centres across the UK from the John Lewis Pension Trust for £18.575m, reflecting a net initial yield of 8.8%.

The majority of the portfolio is modern, well-let stock with a strong occupier profile and also offers immediate asset management and re-gear opportunities to improve the income stream.

Providing a total of 28,335 sq m (305,000 sq ft) of industrial and warehousing accommodation, the properties are let to 15 tenants and produce a total income of circa £1,730,000 per annum.