Doncaster sheds bought in £20m deal

TWO distribution centres in Doncaster have been snapped up in a multi-million pound deal.

Mayfair Capital Investment Management, the UK real estate investment manager, announced today that its Property Income Trust for Charities (PITCH) fund has acquired the neighbouring units at Trax Park for £19.5m.

The site totals 308,500 sq ft and the units are let to Wincanton, a provider of supply chain solutions in the UK and Ireland and Armstrong Logistics.

Trax Park is adjacent to Doncaster Rail Freight Terminal. Neighbouring occupiers include DHL, Tesco and Amazon.

Colliers International advised the vendor on this transaction while Deloitte RE advised Mayfair Capital.

James Thornton, chief executive of Mayfair Capital and fund director of PITCH, said: “Doncaster is an attractive distribution location with strong demand and a diminishing supply of good-quality space. The acquisition provides PITCH with an attractive net initial yield and a strong tenant, which sits very well with our investors.”