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Delivering an annual cash yield of eight per cent, or £4.8 million ($8 million) over three years, the lease benefits from fixed rental uplifts of 1.5 per cent per annum with a 17 years' of certain term income.
Fahed Boodai, Chairman of the Board of Directors at Gatehouse Bank commented, “I am pleased to announce the completion of this high profile acquisition on behalf of our clients. The core manufacturing and logistics facility purpose built for and let to Rolls-Royce plc offers a one- of-a-kind opportunity that delivers maximum benefits to our clients.
“The superior financial covenant of a Grade A-rated blue chip company is undisputed and combined with the certainty and length of income provided by this transaction, these factors strengthen the return on investments for our investors. Ultimately, we are proud to deliver a gold-standard investment opportunity that is a rare and extremely valuable asset to have in the market.” (full story)
