Speke warehouse acquired by LondonMetric as part of £47.6m deal
A new logistics warehouse at Speke on Merseyside has been bought by LondonMetric Property as part of a double acquisition totalling £47.6m.
The building is a 132,000sq ft regional warehouse let to Gefco, on a new 15-year lease, at a rent of £5.15 psf subject to five yearly RPI linked reviews of between 2% and 4%.
Gefco is a global logistics company with an annual turnover of over €4bn.
LondonMetric’s second acquisition is a 364,000sq ft warehouse at Ollerton in Nottinghamshire, let to Clipper Logistics.
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