Amsterdam, Netherlands (January 13, 2021) – Realterm announces the acquisition of two final mile and transload facilities in the United Kingdom from Marks & Spencer plc. Offering a combined 519,000 sq ft, the properties are located at 48 Hardwick Grange, Warrington WA1 4RF and Forbes Close, Nottingham NG10 1PR. Both facilities are available for lease, have good functionality and an efficient combination of loading positions and excess parking.
“These properties are in sought after markets that have very limited vacancy making them ideal for high flow-through logistics users,” said Jon Chalkley, Head of European Investments, Realterm. “In addition, the properties are advantageously located in the heart of the regional motorway networks.”
The 257,000 sq ft 48 Hardwick Grange final mile property is situated in Warrington, a primary submarket which is 17 miles east of Liverpool and 20 miles west of Manchester. It offers immediate access to the M6 and M62 motorways. The property is fully fenced and secured, has 31 loading positions and includes 10,290 sq ft of office space and a service yard up to 168 feet deep.
Located outside of Nottingham in the established mixed commercial and industrial area of Long Eaton, home to a large number of local, regional and national occupiers, the 262,000 sq ft Forbes Close transload facility features 34 loading positions and 15,700 sq ft of office space. The property is eight miles south of Nottingham and 11 miles east of Derby with access to the M1 motorway.
“The UK’s logistics market has seen strong growth in the past two years,” said Balazs Lados, Managing Director, European Fund Manager, Realterm. “These properties are a tremendous addition to our European portfolio and support our strategy to acquire the best final mile investments in key markets.”
Realterm was assisted by Colliers and Mayer Brown in the completion of these transactions. Marks & Spencer was advised by Lambert, Smith, Hampton, and Dentons.
Highlights of 48 Hardwick Grange include:
- Square feet: 257,000 SF
- Land area: 10.4 acres
- Loading positions: 31
- Access: M6 and M62 motorways
Highlights of Forbes Close include:
- Square feet: 262,000 SF
- Land area: 11.9 acres
- Loading positions: 34
- Access: M1 motorway