Meung-sur-Loire

Acquisition of new distribution centre in Avignon, France for €44.5 million

The Company was pleased to announce that it exchanged conditional contracts to acquire a new freehold distribution warehouse in France, for an expected net value of €44.5 million. Contracts are expected to become unconditional by no later than 30 October 2018.

Contracts have been signed for the newly-built facility to be let to a strong tenant on a fully indexed twelve year lease. The property is well positioned in an excellent location with the versatility required to move to a multi-tenant scenario if needed in the future.

Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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