The facility is currently operated and let to the food, home and personal care products supplier Unilever UK Ltd.
The property is strategically situated in a Midlands distribution location, which offers excellent connectivity to the M6 motorway for access to Birmingham and Manchester airports, the Port of Liverpool in the North West and the Port of Avonmouth in the South West.
The property was purpose built in 2005 for Unilever and extended in 2012 to give it a gross internal area of 541,157 sq ft.
A significant number of logistics occupiers – including APC Overnight, Bidvest, First Group and Hellerman Tyton – have also taken up residence in the area.
- How e-commerce is driving demand for commercial warehouse space
- Islamic bank opens new London office to meet commercial finance demand
- Converting offices can boost housing supply
The facility has been acquired with a new 10-year lease, subject to a five-yearly, upwards-only rent review.
Colin Godfrey, partner of Tritax, said: “We are pleased to have acquired our second distribution centre let to the leading globally recognised consumer goods company Unilever.
“This property plays a key role in Unilever’s supply chain and has benefited from significant capital investment with a high level of automation.
“This purchase adds to our portfolio’s core foundation income, strengthens our existing customer relationship with Unilever, provides geographic diversity and offers good potential for rental growth.”
Cushman & Wakefield represented Unilever.
Leave a comment