John Lewis PLC “last mile” logistics asset.

Off market disposal of a high quality single let distribution unit let extending to 49,500 sq ft to John Lewis PLC for a further 15.5 years with RPI indexed rent reviews.

BSB conducted a targeted marketing campaign on the disposal of a prime warehouse. The Tenant utilises the warehouse to service their customers across the home counties. The asset was sold to LondonMetric Property PLC a FTSE 250 listed REIT for £10.25m reflecting a NIY of 3.35%.

Disposal on behalf of Aviva Investors.