Modern logistics site changes hands
CBRE Global Investors, on behalf of a separate account client, has acquired Nimbus Park near Doncaster, from Sladen Estates and AIG.
Nimbus Park comprises two brand-new distribution units totalling 270,875 sq ft, built to a modern specification on a 15.8-acre site.
Unit 106, comprising 106,509 sq ft, is let to Tile Giant, while Unit 164, comprising 164,366 sq ft, is let to The Mosaic Tile Company.
The buildings have a BREEAM rating of ‘Very Good’ and offer both cycle storage and electric car charging spaces.
A CBRE Global Investors spokesman said: “This was a rare opportunity to acquire a brand-new logistics asset, built to a modern specification and with excellent ESG credentials, in an area that offers an increasingly compelling investment rationale.
“As more occupiers look to capitalise on the changing market dynamics that have been accelerated by the pandemic, it is expected that rental demand will continue and consistent returns will be delivered.”
CBRE Global Investors was advised by CBRE, while Sladen Estates and AIG were advised by Commercial Property Partners.
