Prologis asset sold for market-leading yield

Prologis UK wanted to investigate alternative investment options for its asset to achieve the best price possible for a distribution centre at Prologis Park, Fradley, Staffordshire.

We had originally advised and assisted in structuring the joint venture ownership of this site. Working closely with our industrial leasing specialists, the capital markets team advised on the implications of multiple investment options

Prologis successfully sold the 213,482 sq ft distribution centre to Aberdeen Standard Investments for a market-leading initial yield of 4.45%.