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INVESTMENT AQUISITION

 

Units 1 & 2 Fulwood 28,
South Normanton

Client: Columbia Threadneedle

 

  • Two Single-let Distribution Warehouses

  • 123,500 sq ft

  • £6.8 million

 

Acting on behalf of Columbia Threadneedle, GV acquired two adjoining, high quality, single-let distribution warehouses in separate off-market transactions, within three months of each other.

The properties are located on Fulwood 28, an established prime distribution park in South Normanton.

Unit 1 formed part of the SIL portfolio and was acquired in isolation for £4.5 million. The property comprises a modern warehouse of 81,500 sq ft let to Unidrug Distribution Group Ltd.

Unit 2 was acquired for £2.3m via an off-market approach to M&G Real Estate and comprises a 42,000 sq ft distribution property let to H Beardsley & Son