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Packaging Up Another Distribution Hub

ACRE Capital have advised L&G on the disposal of a prime distribution warehouse let to Argos, located at J13 of the M6, Stafford.

The property extends to approximately 474,903 sq ft GIA on a large 27 acre site providing a very low site cover of 36%.

The property was sold to Canmoor for approximately £51,000,000, reflecting a Net Initial Yield in the region of 4.60%.

Location: Stafford
Property Type: Distribution Warehouse
Transaction Type: Disposal
Client: L&G