TIDMWHR

RNS Number : 0517J

Warehouse REIT PLC

27 March 2018

27 March 2018

Warehouse REIT plc

(the 'Company' or 'Warehouse REIT')

COMPLETION OF THE ACQUISITION OF INDUSTIRAL MULTI PROPERTY TRUST PORTFOLIO

Further to the announcement of February 5 2018, Warehouse REIT, the AIM-listed specialist warehouse investor, confirms that it has completed the acquisition from Hansteen Holdings PLC of its Industrial Multi Property Trust portfolio, comprising 51 assets, the majority being multi-let UK urban warehouses, for GBP116 million. As also stated, the acquisition is in line with the Company's strategy and concludes the successful deployment of all funds raised by the Company at IPO in September 2017, significantly ahead of plan, and brings the total property acquisitions to date to GBP279 million.

-ENDS-

Enquiries:

Warehouse REIT plc via FTI Consulting

 
 Tilstone Partners Limited                                  +44 (0) 1244 
  Andrew Bird, Paul Makin                                    470 090 
 Savills (Property Advisor)                                 +44 (0) 20 7499 
  Simon Hope / Peter Cooper-Parry                            8644 
  G10 Capital Limited (part of the Lawson Conner Group), 
  acting as AIFM                                             +44 (0) 20 3696 
  Agnese Soldane, Gerhard Grueter                            1302 
  Peel Hunt (Financial Adviser, Nominated Adviser 
   and Broker)                                              +44 (0)20 7418 
   Capel Irwin, Harry Nicholas                               8900 
 FTI Consulting (Financial PR & IR Adviser to the 
  Company)                                                  +44 (0) 20 3727 
  Dido Laurimore, Ellie Sweeney, Richard Gotla               1000

Further information on Warehouse REIT is available on its website:

http://www.warehousereitplc.co.uk

Notes to editors:

Warehouse REIT announced the results of its IPO on 15 September, having raised gross proceeds of GBP150 million (GBP146.8 million net) to invest in a diversified portfolio of UK warehouse assets located in urban areas.

Occupier demand for urban warehouse space is increasing as the structural growth in e-commerce has driven the rise in internet shopping and investment by retailers in the "last mile" delivery sector. The urban warehouse sector offers one of, if not the highest, initial yield of all UK property sectors.

The Company is an alternative investment fund ("AIF") for the purposes of the AIFM Directive and as such is required to have an investment manager who is duly authorised to undertake the role of an alternative investment fund manager. The Investment Manager is currently G10 Capital Limited, whose role will pass to Tilstone Partners Limited ("TPL"), on receipt of FCA approval.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQVDLBLVXFZBBX

(END) Dow Jones Newswires

March 27, 2018 04:46 ET (08:46 GMT)

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