Droitwich warehouse sold in £5.4m deal

Urban Logistics has bought a warehouse in Droitwich in a £5.4m deal.

The 57,500 sq ft property is let to Spire Healthcare, which signed a five-year lease from April 7.

Richard Moffitt, chief executive, said: “In line with our strategic focus on logistics assets which deliver essential goods the “last mile” to customers and businesses, all of our recent acquisitions are single-let properties servicing high quality logistics tenants. [The] acquisition is another well located distribution warehouse near the M5, offering opportunities for asset management activities.”