Alpha Real Trust said it had acquired an industrial facility in Hamburg leased to waste management group Veolia for â¬17.0m (£15.2m).

The property was leased to Veolia with a 24-year unexpired lease term, the company said.

Under the lease, the tenant was responsible for building maintenance and the passing rent of â¬0.9m per year had periodic inflation-linked adjustments.

As part of the acquisition funding, Alpha Real said it had secured a â¬9.5m fixed-rate loan facility with a 10-year term.

At 1:21pm: (LON:ARTL) Alpha Real Trust share price was +0.5p at 131.5p