CBRE Investment Management has let a 302,000ft2 distribution centre at Park Ryton to DHL Supply Chain on a 15-year lease.
Formerly leased to Network Rail Infrastructure, the distribution centre is part of Park Ryton, which is situated in the heart of the ‘Golden Triangle’, four miles to the south-east of Coventry and at the intersection of the A45 and A46 dual carriageways.
Built in 2013, the high-specification distribution unit is BREEAM rated ‘Very Good’ and has an EPC rating of A. It is located on a well-configured site.
“With demand for industrial and logistics space in the Midlands going from strength to strength letting our distribution centre to the global logistics leader is a strong endorsement of our strategy to acquire and operate best-in-class logistics assets in key markets,” commented Richard Dean, Head of UK Transactions and Real Estate Execution at CBRE Investment Management. “This deal will provide our client with secure income over a long-term lease.”
