Glenstone acquires Prices Candles headquarters and distribution centre in Bedford
Glenstone have completed the purchase of Prices Candles headquarters and distribution centre in Bedford.
Prices Candles are the largest distributor of candles in Europe.
The property comprises a modern warehouse unit totalling approximately 45,000 sq. ft let at £6 per sq. ft.
The long leasehold investment was purchased for £3,165,000 reflecting a net initial yield of 6.75%.
The acquisition forms part of Glenstone’s wider strategy of diversifying into growth sectors and strategic locations across the UK.
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