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February 9, 2023
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Finance

Lincoln conditioning centre acquired for 4.3m Magazine

A Lincoln gym has become bought by Leicester property investment company Custodian REIT for 4.3m

The UK property investment company has acquired a 77,242sq feet health insurance and business centre, prominently situated on the A46 inside a leading mixed-use, out-of-town scheme with businesses from the immediate vicinity including Ibis Hotel, Fayre&Square and Frankie&Benny’s

Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (you can actually discretionary investment manager), says: “We are delighted to have developed this high specification, purpose-built conditioning centre within the established and prominent location using an unexpired lease term to first break of 17 years.

“The tenant has now undertaken a substantial internal refurbishment, highlighting its confidence inside continued performance of your location.”

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