ACRE Capital have advised M&G Real Estate on the successful disposal of two adjacent distribution warehouse units in Thrapston let to DSV Solutions.
M&G initially acquired the property as part of a 10-year sale and leaseback transaction with DSV in 2013 and, having completed the 2018 open market rent reviews, sold the investment to Exeter Property Group with approximately 4 years remaining on the leases. The agreed sale price was £17,350,000.
Property Type: Distribution Warehouses
Transaction Type: Sale
Client: M&G Real Estate