StockMarketWire.com - Commercial property investor UK Commercial Property REIT said it had fully let a logistics unit at Magna Park in Lutterworth to European distribution company Armstrong Logistics.

The company said that as a result of the lease, its portfolio void rate by estimated rental value had fallen to 6.5%, down from 10% at the end of June.

Armstrong Logistics had signed a 15.5-year lease with open market rent reviews at £6.50 per square foot, adding further £2.45m of annualised income to the company's rent roll after incentives.




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