Avignon Capital has expanded its UK portfolio through the acquisition of a prime warehouse in Normanton, West Yorkshire. It was acquired for £2.22m, which represents a net initial yield (NIY) of 8.55%. The property is currently let to Harvard Technology. The modern, 39,000 sq ft warehouse acts as a research and distribution facility for Harvard Technology, which is a world leader in the design, development and manufacture of lighting products.
Acquisition — Avignon Capital acquires prime warehouse facility in Normanton