Equites sells UK logistics facility for £17.6m

Equites Property Fund Limited sold Unit 1, The Hub, a logistics facility in Burgess Hill, UK, for £17.6 million in cash.

The sale is part of a broader strategy to dispose of its entire UK portfolio, aiming to reduce its loan-to-value significantly. The property is leased to DPD Group UK Ltd until March 2044, with a recent rent review resulting in a 69% uplift.