Mystery buyer swoops for £21m warehouse
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A warehouse complex at Darwin Road in Corby, Northamptonshire has been acquired by a global investment and asset management company.
The site comprises five modern units of 263,586 sq ft which are predominately let to Rhenus Logistics, a freight forwarding company. Other tenants include Truckeast, which is a main Scania dealership.
Acting on behalf of Longmead Capital, commercial property agent Prop-Search sold the investment for £21m. The purchaser was represented by CBRE.
Prop-Search’s director, Richard Baker, said: “We are pleased to have completed the sale of this substantial investment. Rhenus Logistics occupies approximately 95% of the site and has proved to be a robust tenant for a significant number of years. Its long-term position and the potential for significant rental growth was very attractive to the purchasers, which was reflected in the price achieved.”