22 December 2020 | 07:36am StockMarketWire.com - Logistics property investor Warehouse REIT said it had acquired a portfolio comprising four single and multi-let distribution warehouse assets for £18.6 million. The company said the purchase price reflected a blended net initial yield of 6.1%. The 200,000 square foot portfolio was situated in last mile distribution hubs within the North West and the West Midlands. The properties were 100% occupied on leases producing a total rent of £1.22 million per annum with an average rent £6.10 per square foot. The assets included Stonebridge Cross, Droitwich Spa; Valley Point, Rugby; 1 Kingsland Grange, Warrington; and Milner Street, Warrington. Story provided by StockMarketWire.com