Overview
| Location | Middlesborough |
|---|---|
| Purchase price | £22.9m |
| Reasons for buying | Acquisition of a long leasehold on a development site and forward funding of two office buildings pre-let to Middlesbrough Council. 35 year FRI lease with the tenant retaining an option to re-acquire the interest at the end of the lease with annual rent reviews in line with RPI with 0-5% collar. |
| Timing | August 2018 |
