Coventry distribution warehouse acquired in £4.35m deal
A COVENTRY distribution warehouse has changed hands in a £4.35m deal brokered out of Birmingham.
Blue Marble Asset Management acquired 7030 Middlemarch Business Park in an off-market deal on behalf of a private client.
The 65,815 sq ft unit is let to Canute UK, which recently agreed a new 10-year lease in May 2016. The deal represents a net initial yield of 7.95%.
The business park’s occupiers include Royal Mail, Wincanton, Unipart, Gefco, Buck & Hickman and Walkers Snacks.
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