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Custodian REIT : CREI – acquisition

Custodian REIT has made its second acquisition – spending £2.5m to buy the site of a Toyota car dealership in Peterborough. The property has a 25,724 sq ft showroom and workshop on a 1.6 acre site. The rent is £225,500 per annum (an initial yield of 8.5%) and the tenant is Marshall Motor Group..

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