Warrington warehouse acquired in £4.8m deal
09 November, 2020
category: Property News
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.