CBRE Global Investors has acquired consumer products group Unilever’s distribution facility in the southeast UK town of West Thurrock for £18.2 mln (€22.3 mln).
CBRE Global Investors has acquired consumer products group Unilever’s distribution facility in the southeast UK town of West Thurrock for £18.2 mln (€22.3 mln).
The transaction was carried out on behalf of the CBRE UK Property Fund, which invests throughout the UK on behalf of both UK and continental European institutional investors and has a portfolio of £568 mln.
The 18,000 m2 distribution property is leased to Unilever until August 2019 and is located close to the M25 motorway to the east of London.
The income yield at purchase is 6.8% after allowance for costs.
CBRE Global Investors was advised on the transaction by MacLaren & Partners LLP.
