Riverside Capital has completed on the forward funding of two new-build properties in Leeds.
With long leases, the building are let to three high-quality, budget sector tenants: Aldi, Poundworld and Pure Gym.
The buildings are located on a single plot of land on the outskirts of Leeds city centre and, once income producing, will generate a yield of close to 7%.
Leases range from 12 to 20 years, with upward only rent reviews, and all three tenants have top credit ratings.
The acquisition was funded through Riverside Capital’s private investor platform, and is the second acquisition for the Riverside Capital Protected Cell Company (Guernsey).
Dominic Wright, CEO at Riverside Capital, said: “This is an investment that has everything required to deliver strong and sustainable returns to our investors in a post-referendum environment – a great location, strong tenants and long leases.”