Stobart logistics warehouse sold for £21.4m
Date added:
06/01/2016
A HUGE warehouse let to Eddie Stobart in Warrington has been sold to Griffin Logistics by DTZ Investors for £21.4m, reflecting a net yield of 8.24%. The 376,228sq ft facility on Hawleys Lane, adjacent to Winwick Quay Indistrial Estate near Junction 9 of the M62 is fully let to Eddie Stobart - operating 13 contracts from the site including Tesco Direct, TATA Chemicals and Dobbies Garden Centre - for 10 years. Craig Barton, director of Cushman and Wakefield who advised DTZ on the sale, said: "The price achieved demonstrates.....
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