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Nice-Pak International HQ, Wigan

1/5/2015

 
Nice-Pak International, Wigan
In an off-market transaction on behalf of Tritax Big Box REIT, CBGA Robson have secured the forward commitment of a c. 400,000 sq ft distribution and production facility in Wigan.
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The Westwood Park facility will become Nice-Pak International’s new headquarters, serving the UK, Europe, Australia and New Zealand. Upon completion, NPI have agreed to take a new 25 year lease, without break and subject to five yearly RPI reviews.
The agreement will see Tritax pay a sum of £28.66m to the developer, Liberty Properties, reflecting a NIY of 6.42% after costs.


Related Articles: Tritax Big Box REIT Plc, Property Week

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