Investor offloads 500,000 sq ft Amazon shed in disposal plan

Warehouse REIT, a multi-let warehouse investor, has finalised the sale of Barlborough Links in Chesterfield, currently home to an Amazon fulfilment centre, for £46m.

The investor originally acquired the 500,000 sq ft site leased to Amazon in 2020, purchasing it for £57.3m.

The sale is part of a larger £57.5m transaction involving single-let assets across three locations, which also includes Parkway Industrial Estate in Plymouth sold for £6.3m and Celtic Business Park in Newport sold for £5.2m.

Simon Hope, Warehouse REIT, said: “Rebuilding dividend coverage is our key priority, and by reducing our debt and our finance costs, the sale of these single-let assets is an important milestone in that respect.  At the same time, we continue to reshape our portfolio to focus on the highly attractive multi-let subsector of UK real estate, which plays to our strengths and is where we can drive income and capital growth over the long term.”

The identities of the buyers for these properties are currently undisclosed.

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