Savills to market 311 properties for Kwik-Fit

Property advisor Savills has announced that it has been instructed to dispose of a pan-European portfolio of roadside properties - in sale-and lease-back agreements - for an asking price of more than EUR 203.5 mln. The portfolio comprises 311 properties in the UK, the Netherlands and France with an overall rent of EUR 13.368 mln per annum. This will rise to EUR 17.933 mln in year 10. The portfolio offers development opportunities on a number of the units.

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