Warehouse REIT acquires 200,000 sq ft last-mile warehouse portfolio

Warehouse REIT has bought a warehouse portfolio consisting of four single multi-let assets across the UK for £18.6 million.

The assets include; Stonebridge Cross, Droitwich Spa, comprising two detached industrial units totalling 48,000 sq ft within the 77-acre Stonebridge Cross Business Park; Valley Point, Rugby, a 39,000 sq ft unit on Swift Valley Park; 1 Kingsland Grange, Warrington, a 71,000 sq ft property on the established Kingsland Grange Business Park; and Milner Street, Warrington, a 42,000 sq ft multi-let warehouse situated in Bank Quay Gateway Quarter.

Andrew Bird, Managing Director of the Investment Advisor, Tilstone Partners said: “We are pleased with this latest addition to the Company’s portfolio, which represents an increasingly rare opportunity to acquire a strategic portfolio of assets, in tactical last mile distribution locations”.

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