ACRE Capital have successfully advised Exeter Property Group on the acquisition of a distribution warehouse in Daventry that is let to Cummins. The property extends to approximately 90,000 sq ft and benefits from approximately 2.50 acres of expansion land, providing Exeter with immediate potential to add value. The unit is of strategic importance to Cummins operation, being positioned in close proximity to one of their two main UK manufacturing facilities. The property was acquired for a price of 8,150,000.
Property Type: Distribution Warehouse
Transaction Type: Acquisition
Client: Exeter Property Group