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(Sharecast News) - Warehouse investor Warehouse REIT has purchased the Rycote Lane multi-let industrial estate in Thame, Oxfordshire for 34.75m.
The company announced on Wednesday afternoon that the asset, situated in the Oxford-Cambridge Arc, was a "high conviction location for the company".
Warehouse REIT already had a forward funding arrangement, announced in 2022, to buy the scheme once completed for 35m.
But having terminated that arrangement after making an initial payment of 1.75m, the company has purchased the asset for a further 34.75m, which it said "reflect[s] the de-risked nature of the asset today".
The estate comprises 173,000 sq ft across 14 units, already generating 2.1m in contracted rent each year.
Warehouse REIT shares were up 0.7% at 106.82p by 1435 BST.
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