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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