trending Market Intelligence /marketintelligence/en/news-insights/trending/zaYXktESvwcWbEPChO8-GA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Equites Property buys UK distribution center for £41M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Equites Property buys UK distribution center for £41M

Equites Property Fund Ltd. made a £41 million purchase of a 19,909-square-meter cross docking distribution center in Coventry, U.K., BusinessLive reported.

The unidentified seller signed a 15-year lease with a Swiss-based global transport and logistics company Oct. 13, which was a prerequisite to the purchase agreement, according to the Oct. 18 report.

The deal increases the company's U.K. distribution centers to four, worth roughly £104 million in total.

The company's focus is on renting out acquired logistics distribution centers in key nodes to tenants, such as Amazon, that require long-dated upward-only leased spaces for storage, the report added.