UKCM divests logistics asset in London for £74m

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London logistics asset deals UK Commercial Property REIT (UKCM) has sold its 186,455 sq ft Wembley180 logistics asset in London for £74 million, reflecting a net initial yield of 3.49%. The REIT sold the asset to Covent Garden IP (CG), a registered charitable company. UKCM has owned the property … Click here to view original …

UKCM sells Wembley logistics property (GB)

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UK Commercial Property REIT Limited has sold its 186,455ft² Wembley180 logistics asset in London to Covent Garden IP Limited, a registered charitable company. UKCM will receive a consideration of €85m (£74m), which reflects a net initial yield of 3.49%. UKCM has owned the property since 2009 and completed a … Click here to view original …