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Marchmont Investment Management, represented by Atlas Real Estate, has recently completed the acquisition of three prime parcel hubs located in Birmingham, Manchester and Thatcham.
The properties are all located in key logistics locations and comprise purpose-built parcel hub distribution units extending to a total of 99,580 sqft.
The units were sold by sale and leaseback by DHL Parcel UK Ltd for terms of 5 years from completion of the transaction. The tenant has an option to break the leases on the 3rd anniversary of the terms.
The portfolio was acquired for £10,300,000.
Marchmont Investment Management simultaneously completed the sub-sale of Thatcham to Urban Logistics REIT as part of the transaction.
Marchmont Investment Management Director, Cameron Fraser, commented: “We are delighted to have completed this transactions with DHL which introduces two urban parcel delivery hubs to our growing UK Urban Logistics portfolio”.
DHL Parcel UK Ltd were represented by CBRE. Urban Logistics REIT were represented by M1 Agency.