Tritax Big Box REIT has purchased the 650,000ft² Sainsbury’s distribution centre in Haydock in an off-market deal for £75 million.
The deal, which was arranged by commercial real estate firm Colliers, represents a net initial yield of 6% with the warehouse located on junction 23 of the M6, between Liverpool and Manchester.
The cross-dock distribution centre is currently let to Sainsbury’s until 2038, with an uncapped RPI rent review due in 2028.
In 2024, the industrial market in the North West saw occupiers take up 2.9 million ft² in units over 100,000ft² – a 21.5% increase year-on-year.
Rental growth in the region hit 7.5% for the year, surpassing all other regional markets, including London.
Transaction director at Tritax Big Box Aaron Hulait said: “This acquisition cements our commitment to carefully curating our portfolio based on our sector strength, experience and knowledge.
“We’re delivering on our objective of rotating out of non-strategic assets, inherited through the acquisition of UKCM, and redeploying capital into attractive logistics opportunities such as Haydock, which has strong build credentials as well as being sited in a location which will support evolving supply chain demands in the North West.”
