LondonMetric has sold a 341,000 sq ft distribution facility in Wellingborough to an investor for £29.2m, representing a 38 per cent profit.
The unit is currently occupied by Yusen Logistics on a short-term basis. The transaction for the property, which was acquired in 2009 for £19.6m, will complete at the end of October.
Chris succeeded the legendary Malory Davies in September 2019 as Editor of Logistics Manager and host of the Supply Chain Excellence Awards. Day-to-day Chris writes about all things supply chain; materials handling and industrial property and is curator of the annual LM Top 50 Service Providers. He has worked as a business journalist since 2002 and his career as a logistics journalist started in 2008. Before joining Logistics Manager, he was Editor-in-Chief for road transport titles at DVV Media International.
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