Industrial Property Bought by Ashtenne for Pounds 2m

Summary


A property fund manager has bought a Northumberland industrial property in a pounds 2m sale and leaseback deal.

Ashtenne Industrial Fund bought 5 Cowley Road, on Blyth Industrial Estate, from packaging company Assembly Packing Services (APS), which signed a 10-year lease with fixed up-lifts of 1.5% a year and a rent review after five years.

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Extract


Industrial Property Bought by Ashtenne for Pounds 2m

The industrial specialist, which man...

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