Oxenwood Real Estate, the UK and European real estate investment management firm, has acquired a modern logistics facility in Coventry in a £10 million sale-and-leaseback transaction, which reflects a net initial yield of 6.27%. The facility, which comprises three units totalling 130,615 sq ft adjacent to Coventry airport, has been acquired from its occupier, Penso Holdings, by Oxenwood for Oxenwood Catalina, its joint venture with Catalina Holdings(Bermuda) Ltd.
Oxenwood Real Estate, the UK and European real estate investment management firm, has acquired two modern logistics facilities in Leicester and Manchester for £24 million, reflecting a net initial yield of 5.4%. The two properties, which total 296,305 sq ft, have been acquired from CBRE Global Investors, acting on behalf of the West Midlands Pension Fund, by Oxenwood for Oxenwood Catalina, its joint venture with Catalina Holdings(Bermuda) Ltd.
