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ACRE Delivering on ‘Last Mile’ Logistics

By December 2019 Transactions

ACRE Capital have advised L&G on the sale of an urban logistics warehouse located on Dolphin Way, Purfleet extending to approximately 87,320 sq ft.

The sale crystalised L&G’s recent asset management of the property (formerly known as Thurrock 88) which included a comprehensive refurbishment and letting to Tiger Global Logistics on a new 10-year lease.

The property was sold to Mordril for a price of £14,200,000.

Location:  Purfleet
Property Type: Urban Logistics
Transaction Type: Disposal
Client: L&G