Well specified industrial facility in Greater Manchester, providing 9 years term certain and annual RPI linked rent reviews, subject to a collar of 2% and a cap of 10% pa. The asset is let to Hexpol TPE, who have recently regeared and acquired additional space, demonstrating their long term commitment to the location. There is a parent company guarantee from Hexpol AB, who are listed on the Nasdaq Stockholm and have a D&B rating of 5A1. Investment value is underpinned by long term residential redevelopment potential given the success of the neighbouring Kellen Homes scheme.
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