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Menzies Distribution Sells Warehouses

Menzies Distribution Sells Warehouses to Investment Company

Menzies Distribution Limited (MDL) has sold via a sale and leaseback transaction to Custodian REIT, the Leicester-based property investment company, a portfolio of properties worth £24.65 million. Included in the portfolio are eight “last mile” distribution units spread throughout the UK, each with a passing rent of £1.61 million, reflecting a net initial yield of 6.4 […]