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%.
Property Type: Distribution
Transaction Type: Acquisition