ACRE Capital are pleased to have advised Urban Logistics REIT on the acquisition of Ibstock Brick in Wolverhampton. The property comprises a very low site cover distribution and manufacturing unit totalling 145,998 sq ft.
The property is let to Ibstock Brick Limited until April 2033 with a tenant break option in April 2028, providing an unexpired term certain of 3.71 years.
Location: Wolverhampton
Property Type: Distribution
Transaction Type: Acquisition
Client: Urban Logistics REIT
