Caisson acquires Chequer Foods, Telford         

 Oct 2013

Caisson Investment Management and their JV equity partner Parabola Capital have added another industrial site to their portfolio.  They have acquired Chequer Foods in Telford for c.£2.317m.  The site comprises a 93,580 sq ft warehouse and the transaction shows a net initial yield of c.5.75%, rising to an expected 11.5% with fixed uplifts.

The transaction forms part of the Joint Venture which is committed to investing c.£50.0m into the UK MLI sector.

ChequerFoods

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

Lisa.Allsup@caisson-im.com

+44 207 280 9600

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