Saturday, February 27, 2021

Rotherham distribution unit acquired for £3.8 million

Urban Logistics, the specialist UK logistics REIT, has acquired six logistics assets for a total consideration of £27.8 million.

The purchases include a 124,966 sq ft distribution unit in Rotherham, acquired for £3.8 million from Goodman.

The site, located close to the M18, M1 and A1(M), is let to Green Forest Solutions for a term of 5 years through to 2025.

The other acquisitions include a 80,209 sq ft distribution unit in Leigh (for £6.7 million).  This is a sale and leaseback transaction with XPO and the site is let for a term of five years.

Urban Logistics has also acquired a portfolio of four logistics assets from Kinaxia Logistics for £17.3 million. This sale and leaseback transaction includes sites in Macclesfield, Telford, Royal Wootton Bassett and Yate totalling 167,350 sq ft of warehousing.

Richard Moffitt, Chief Executive, said: “We are delighted with these new logistics assets which are perfectly positioned to deliver essential goods the “last mile” to customers and businesses in key conurbations.

“In line with our strategic focus, all of these assets are single-let properties servicing high quality logistics tenants.”

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