Midlands logistics portfolio sold for £85.50m

By January 9, 2019 Transactions

ACRE Capital have successfully advised Clipstone Investment Management on the sale of a portfolio of five distribution warehouses located in the Midlands. The properties are located in Stoke-on-Trent, Bardon, Cannock, Swadlincote and Newcastle-under-Lyme, providing a total floor area of approximately 908,857 sq ft. The portfolio was fully let to tenants including Bestway Pharmacy, Clipper Logistics and TJX UK.

ACRE undertook a targeted marketing campaign and the portfolio sold for a price of approximately £85,500,000.

Location: Midlands
Property Type: Distribution Warehouse Portfolio
Transaction Type: Sale
Client: Clipstone Investment Management Limited