Moorfield Group (Moorfield) has added 11,427 square metres of warehouse space to its urban logistics portfolio with the acquisition of two assets for a combined sum of € 14 million.
In Tinsley, Sheffield, Moorfield has completed a 10-year sale-and-leaseback agreement for a 5,667 square metres urban logistics unit with Tinsley Bridge Group. Built in 2015, the asset is located next to a site that is to be redeveloped to create an 18,580 square metre grade A logistics unit.
In Northamptonshire’s Wellingborough, which sits within ‘The Golden Triangle’, one of the UK’s most prosperous and economically productive regions, Moorfield has acquired a 6,782 square metre facility. The asset is let to Booker Retail Partners - a leading wholesale retailer owned by Tesco Plc - on a long-term lease. Booker Retail Partners has occupied the unit, which is adjacent to its national distribution centre, since 1994.
Source: europe-re.com on the 8th of December, 2023
https://europe-re.com/moorfield-group-acquires-14m-logistics-portfolio-gb/72447