A warehouse unit close to the M62 in Warrington, has been bought for £4.8m by Urban Logistics REIT.

The listed firm has acquired the property from Xpediator plc.

It is among five logistics premises acquisitions announced this morning by Urban Logistics, for a total consideration of £33.1m. The other properties are in Braintree, Oxford, Exeter and Ripon.

The unit is let to CDS (Superstore International) which trades as The Range until December 2032, at a rent of £4.43 per sq ft with increases at 2% compound per annum.

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