Nexus Portfolio

A rare opportunity to acquire a highly reversionary Mid-Box logistics portfolio of 7 assets located in prime distribution locations across the UK.

1. The assets are in strategic locations, including Manchester, London, Preston, Sheffield and Swindon.
2. The portfolio comprises of eight modern units extending to 530,483 sq ft.
3. Total headline rent of £4,105,596 pa reflecting a low average rent across the portfolio of £7.74 per sq ft.
4. Portfolio WAULT to break of 4.7 years and 5.9 years to expiry.
5. All assets are held freehold, except Foxcover Distribution Park, Seaham, which is both freehold and leasehold.
6. The portfolio provides a diverse and highly secure income stream with 80% of the income secured against Minimal or Low Risk covenants (Source: D&B).
7. The portfolio is let to a range of high-quality tenants, including Anord Mardix, Kuehne & Nagel Ltd, AIT Home Delivery UK Ltd and Lucchini Unipart Rail Ltd, demonstrating the suitability of the assets for a range of business sectors.
8. The portfolio presents a number of deliverable asset management initiatives, thus providing significant opportunities to capture the inherent reversion and enhance values across the short and medium term.