Red Kite on behalf of the Distribution Warehouse Fund Private Equity has procured an AGA as well as a rental rental guarantee from the assignee following the assignment of the Thule Automotive lease at their premises in Bardot Hall Industrial Estate, Rotherham to SAPA Group.
Red Kite’s negotiations have strengthened the position of the tenancy on this unit and look forward to now working with SAPA on building a more secure tenancy position following their multi million pound acquisition of the Thule Automotive business in the UK.
Thanks to Nigel Ward, Business Unit Director at Thule Automotive for his assistance and help throughout this transaction.