A joint venture between private equity group Carlyle and fund manager ARA Dunedin has bought a £30m warehouse portfolio from Urban Logistics REIT.
Urban Logistics said the assets sold at more than a third ahead of September 2020 book value. The disposal gave it an exit yield of 4.8% and a total property return of 78.8%.
The warehouses are in Bedford, Leicester and Chesterfield, with two in Northampton.
