Clipstone Logistics REIT plc, a fund sponsored by Clipstone Land Ltd., completed the acquisition of to acquire four distribution warehouses in the Midlands and one industrial estate inside the M25 from Clipstone Land Ltd. for £65 million.
Clipstone Logistics REIT plc, a fund sponsored by Clipstone Land Ltd., completed the acquisition of to acquire four distribution warehouses in the Midlands and one industrial estate inside the M25 from Clipstone Land Ltd. for £65 million on December 17, 2014. The consideration includes assumption of bank debt and has been satisfied by way of a combination of cash and the allotment of ordinary shares in Clipstone Logistics.