Warehouse REIT PLC (GB:WHR) has released an update.
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Warehouse REIT PLC has strategically expanded its portfolio with the £38.6 million acquisition of Phase 2 of Ventura Retail Park, enhancing its position in one of the UK’s top retail warehouse clusters. The fully-let retail park, located near Birmingham, aligns with the company’s expertise in multi-let asset management and is expected to contribute positively to earnings and dividend cover. Warehouse REIT is committed to disciplined acquisitions to maintain low leverage and finance costs, following a £165 million property sale to reduce net debt.
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