Sale of Headquarters South East Distribution Warehouse

By June 2018 Transactions

ACRE Capital advise Kennedy Wilson on the successful disposal of Electrolux’s Headquarters distribution warehouse facility in Wolverton, Milton Keynes. The property is located on a 11.77-acre site and comprises two large distribution warehouses extending to 295,807 sq ft. The site is let to Electrolux for a further 4.80 years at a passing rent of £935,000 per annum, which reflects £3.16 per sq ft.

The asset was acquired by Blackrock for a price of £14,200,000.

Kennedy Wilson were advised jointly by both ACRE Capital and CBRE.

Location: Wolverton, Milton Keynes
Property Type: Distribution Warehouse
Transaction Type: Sale
Client: Kennedy Wilson