We acquired a 413,600 sq ft distribution warehouse fully occupied by SCA Timber Supply in June 2014 as part of the Jupiter portfolio.
Location
Hull, UK
Property Type
Industrial
Sq. Feet
408,000 sq ft
Melton Story
Following discussions with the tenant, we agreed a new 15-year lease, adding 11.5 years to the previous term, and a significant increase in rent for an incentive of less than 6 months of rent.
SCA is a committed long-term occupier and has further invested approximately £6.0 million of its own capital into the property.
