UK commercial property investor Royal London Asset Management Property has acquired a 54- acre site in the East Midlands for a £340 million (€389 million) logistics project.
Royal London Asset Management Property said it will partner with developer Graftongate to develop the project, which will provide over 1.25m square feet of prime space at the Brackmills Industrial Estate in Northampton.
The site includes an existing 312,831 square feet distribution warehouse, which is now available for lease on short flexible terms.
It is the largest logistics development to date for Royal London Asset Management Property, a firm with a £3.2 billion portfolio of industrial assets across the UK.
Source: realassets.ipe.com on the 24th of September