£21m deal for distribution site
Date added:
02/02/2015
A DISTRIBUTION warehouse on a 30.5 acre site in Cheshire has been sold in a sale and lease back deal. Property investors Oxenwood Real Estate and Catalina Holdings (Bermuda) Limited, have through their joint venture company Oxenwood Catalina, bought the DHL Supply Chain distribution warehouse at Aston Lane North, Preston Brook, Runcorn. The purchase price was £20.98m (net of acquisition costs), reflecting a net initial yield of 8.17% on the asset acquisition. The property comprises a fully-fitted distribution facility wi..
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