Palletline, Crossflow 180, Siskin Parkway, Middlemarch, Coventry, CV3 4PA
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£Confidential
Feb 2023
Atlas Real Estate has successfully advised an institutional client on the disposal of an off market distribution unit extending 180,000 sq. ft. on Middlemarch Business Park, Coventry. The unit was acquired by St. Modwen Logistics.
The unit was constructed in the early 1990s and comprises a cross dock unit extending to 180,382 sq. ft. on a site of 11.4 acres. The unit is let to Palletline Ltd for a term of 10 years expiring on 5 November 2032. The tenant has an option to break the lease on 6 November 2027. The current rent is £950,000 per annum.
DTRE represented St. Modwen Logistics.
