- Tritax EuroBox acquired a logistics facility near Frankfurt in Germany for a total of €50.6m, reflecting a net initial yield of 4.75% on the corporate acquisition.

Situated in the prime logistics location at Hammersbach, near Frankfurt, which benefits from exceptional logistics links and has high occupier demand, a low vacancy rate, the facility had a gross internal area of about 43,000 sqm, an eaves height of 12 metres, the company said.

The new facility, developed by Dietz, the company's asset manager in Germany, was let to ID Logistics, an international contract logistics group, on a new 10-year lease term, with breaks after years five and six.

'We expect this property to generate an attractive income return with good income growth potential. This is our third investment through our relationship with Dietz, which demonstrates the high-quality of their development assets in prime locations,' the company said.

At 9:32am: [LON:EBOX] Tritax Eurobox Plc Ord Eur0.01 Gbp share price was +0.3p at 97.1p

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