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Prologis Buy in Coventry

By September 2021 Transactions

ACRE Capital have advised Prologis on the acquisition of a prime urban logistics warehouse let to UK Flooring Direct Limited at Prologis Park, Coventry.

The property extends to 56,548 sq ft on a 3.34-acre site and has recently been refurbished.

The property was acquired by Prologis for a purchase price of £8,000,000, reflecting a net initial yield of 4.32%.

Location: Coventry
Property Type: Distribution
Transaction Type: Acquisition
Client: Prologis