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London, 19th June 2013 - Jones Lang LaSalle has advised SEGRO on the £18.1 purchase of a warehouse in the Midlands.
The warehouse, which comprises 287,000 sq ft of warehousing and 16,000 sq ft of offices is located in the Centrum 100 Distribution Park on the A38 and links to the M1 and M6 motorways. The warehouse will be occupied by UK logistics company Clipper Logistics Group on a 10 year lease. It will use the building for a major new contract with fashion retailer SuperGroup.
Joel Duncan, Associate Director in Jones Lang LaSalle's Capital Markets team, commented: “This acquisition fits perfectly into the SEGRO strategy of acquiring prime UK logistics building in established distribution locations. The building will also be used as distribution space for e-commerce, highlighting the increasing importance of space requirements when retailers are on the hunt for warehouses.”
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