Property Week: "Prologis sells North Wembley shed to Cargiant" (Just for its tenants though?)
"Used car dealership Cargiant has bought a Prologis shed in Wembley for £38m at a record 4.1% yield.
"The H&M-let 140,000 sq ft unit is likely to be used by Car Giant to house tenants should they be displaced at Old Oak Common – where it is battling Queens Park Rangers Football Club over the redevelopment of the site.
"The deal betters the 4.6% yield Legal & General paid for the forward funding of Waitrose facility at Magna Park, Milton Keynes. [Whatever.]
"DTRE advised Prologis, Cargiant was unrepresented." [Probably for the best.]