BlackRock Real Assets acquires Sainsbury’s warehouse for £90.5 million
A fund managed by BlackRock Real Assets has acquired a Sainsbury’s distribution warehouse in Bedford from Legal & General for GBP90.5 million.
The 462,746 sq ft unit is let to Sainsbury’s on an unexpired lease term of 15 years with five-yearly RPI-linked uplifts subject to a floor of 2 per cent and cap of 4 per cent pa.