ACRE Capital have advised Kennedy Wilson on the sale of Wincanton, Middlewich a distribution warehouse facility positioned in close proximity to J18 of the M6 motorway.
The property comprises a secondhand distribution warehouse extending to c.374,000 sq ft and benefitting from 12.2m eaves, a substantial service yard and loading to multiple elevations. Kennedy Wilson had recently agreed a lease extension with the tenant (Wincanton) and the sale allowed the profit from this asset management to be crystalised.
The property was sold to Warehouse REIT for approximately £24,500,000.
Property Type: Industrial Warehouse
Transaction Type: Sale
Client: Kennedy Wilson