Realty income have bought the freehold interest in the B&Q Warehouse, for circa £22 million
Realty income have bought the freehold interest in the B&Q Warehouse at Meir Park Interchange, Stoke on Trent for circa £22 million, reflecting an initial yield of circa 7.5%.
The property is a prime bulky goods retail warehouse investment, designed to B&Q's Warehouse specifications. It is let to B&Q on FRI terms until 2032.
