Caisson acquires Units A & B, California Drive, Wakefield

 Oct 2013

Two adjoining warehouses on California Drive, Wakefield have been acquired by Caisson Investment Management and their JV equity partner Parabola Capital for c.£6.0m.  The two units together detail 255,000 sq ft of logistics space let to Hiway Express Home Delivery Limited and Polymer Logistics (Uk) Limited.  The net initial yield for the transaction is 8.36% but this is expected to increase to 14.38% following key lease re-gears.

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

CaliforniaDrive

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

Lisa.Allsup@caisson-im.com

+44 207 280 9600

Research

"Caisson Newsletter December 2017"
Source: Caisson Investment Management

"2017 H1 Research Paper"
Source: Caisson Investment Management

"Caisson Newsletter December 2016"
Source: Caisson Investment Management

"2016 H1 Research Paper"
Source: Caisson Investment Management

"Caisson Newsletter December 2015"
Source: Caisson Investment Management

"2015 H1 Research Paper"
Source: Caisson Investment Management

"Caisson Newsletter December 2014"
Source: Caisson Investment Management

"2014 H1 Research Paper"
Source: Caisson Invesment Management

"Caisson Newsletter December 2013"
Source: Caisson Investment Management

"Caisson Newsletter December 2012"
Source: Caisson Investment Management

"Caisson Newsletter December 2011"
Source: Caisson Investment Management

"Caisson Newsletter December 2010"
Source: Caisson Investment Management

"Caisson Newsletter March 2010"
Source: Caisson Investment Management

"Caisson Newsletter May 2009"
Source: Caisson Investment Management

Caisson has enabled EAV Co-ordinated to move quickly into multiple buildings, allowing us to expand our business and ensuring sites are continuously maintained to a high standard.

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