Carlisle airport distribution centre sold for nearly £24m

Stobart Group’s regional distribution centre at Carlisle Lake District Airport has been acquired by real estate investment company Tritax Big Box for £23.61m.

The deal reflects a net initial yield of 5.31% on the corporate acquisition.

The 314,981sq ft property is close to the M6 motorway, providing excellent road connectivity to both South West Scotland and the Border regions as well as the remainder of England.

Carlisle is where Stobart Group was founded and is headquartered. The facility is the first property on a potentially much larger future logistics park, said Tritax.

Tritax has also bought the Cerealto (UK) national distribution centre at Worksop in Nottinghamshire, for £20.25m.

Knight Frank represented the company on the acquisitions.