Client: Columbia Threadneedle
Two Single-let Distribution Warehouses
123,500 sq ft
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