London,
17
October
2014
|
00:00
Europe/London

CBRE Appointed to sell co-op distribution centre

This property presents a unique opportunity for an investor to acquire a property that is of strategic importance to the Co-operative’s logistics strategy, servicing stores along the South Coast, West London and the South Midlands.
Matthew McGrail, Senior Director, CBRE

CBRE’s has been appointed by Legal and General UK Property Income Fund I to sell the Co-operative Group’s prime regional distribution centre in Andover.

Andover Commercial Park is a 517,000sq ft cross docked distribution warehouse, with a BREEAM Excellent Rating, that is fully let to the Co-operative Group for a further 16.6 years, providing a long term secure income stream. CBRE is seeking offers of £61 million for the property which would reflect a Net Initial Yield of 5.74%.

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