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Tritax purchases two modern logistics facilities

26 October 17 - RE+D Magazine
Tritax purchases two modern logistics facilities

COMPANIES

Savills

Consultant - GREECE

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Tritax Big Box REIT plc announced that it has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer plc, one of the UK’s leading multichannel retailers, and Dunelm (Soft Furnishings) Ltd (“Dunelm”), the UK’s number one homewares retailer.

 

According to Tritax official press release, the combined net purchase price is £78.5 million and will be funded from equity.

Stoke-on-Trent has attracted major distribution occupiers including Asda, JCB, Michelin, New Look, Sainsbury’s and TK Maxx.

This core logistics location has excellent connectivity to the M6 motorway for access to Birmingham and Manchester city airports and the Port of Liverpool.

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