ACRE Capital have successfully advised CBRE Global Investors on the off-market acquisition of a prime last mile distribution warehouse in Erith. The property extends to approximately 120,000 sq ft and is let to Booker by way of a 20-year sale and leaseback, subject to a break option in year 15. The investment offers a highly attractive income profile benefitting from RPI-linked rental uplifts.
CBRE Global Investors acquired the property for 24,000,000.
Property Type: Distribution Warehouse
Transaction Type: Acquisition
Client: CBRE Global Investors