Alpha Real Trust Limited Acquires Industrial Facility in Hamburg, Germany; Secures 9.5 Million Fixed Rate Loan Facility
August 21, 2018 at 06:30 am EDT
Alpha Real Trust Limited (ART) announced it has acquired an industrial facility in Hamburg, Germany leased to a leading international group for 17.0 million (£15.2 million) including acquisition costs. The property is leased to Veolia Umweltservice Nord GmbH. Under the lease, the tenant is responsible for building maintenance and the passing rent of 0.9 million per annum has periodic inflation linked adjustments.
As part of the acquisition funding, ART has secured a 9.5 million fixed rate loan facility with a 10 year term.