Asset Plus sells Heinz Watties distribution centre for $29.1 mln

Wed, 17 Jul 2019

By Paul McBeth July 18 (BusinessDesk) - Asset Plus has sold its Heinz Watties distribution centre in Hastings for $29.1 million to a property syndication which it will underwrite for a fee. The real estate investor signed an unconditional agreement with E+O Property Syndication with settlement on Dec. 17, it said in a statement. As part of the deal, E+O will syndicate the property and Asset Plus will underwrite the $16.25 million of equity raised to help fund the deal for a $487,500 fee. Asset Plus, which used to be called NPT, said t...

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