£12m deal signed for logistics hub site
A recently refurbished 190,000 sq ft distribution warehouse in the heart of Wakefield Europort, one of Yorkshire’s leading distribution locations, has been sold for £11.8m.
CCLA Investment Management have bought the property from Edinburgh-based Parabola at a net initial yield of 6.39%.
The deal for the warehouse, situated at the junction of California Way and Express Way, was brokered by the investment team at the Leeds office of consultancy Knight Frank.
Graham Foxton, partner with Knight Frank, said: “The deal is a re... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
