trending Market Intelligence /marketintelligence/en/news-insights/trending/OXNo6gbs29sFEv3bRy5-2w2 content esgSubNav
In This List

W. P. Carey buys UK logistics facility for £85M

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


W. P. Carey buys UK logistics facility for £85M

New York-based real estate investment trust W. P. Carey Inc. bought in an off-market transaction a class A logistics facility in the U.K.'s East Midlands for £85 million.

The cross-docked logistics property spans 67,500 square meters and is equipped with clear heights of up to 15 meters, solar panels and capacity for automation and expansion.

The asset is triple-net leased to Dixons Carphone PLC's U.K. operating subsidiary for 13.5 years with fixed rent increases, according to a statement. The property forms part of Dixons' largest distribution platform in the U.K.