Member Article

Next plc warehouse in Doncaster purchased for £60 million

Tritax Big Box REIT plc has announced that it has acquired Next Group Plc’s Regional Distribution Warehouse facility at West Moor Park, Doncaster for £60 million.

The distribution warehouse was originally developed in 2003 and let to Next for a 20 year term without breaks

Doncaster is one of largest commercial centres in South Yorkshire and is also one of the most important distribution locations in the UK due to its excellent motorway and rail connections, as well as its close proximity to the Humber Ports.

Roebuck Asset Management represented the Company. CBRE represented the vendor.

Colin Godfrey, Partner of Tritax, commented: “Doncaster is one of the most important distribution locations in the UK and the immediate surrounds have attracted occupiers such as Ikea, B&Q, Tesco, Wincanton, The Range and DFS due to excellent transports links and less congested motorways.

“It remains a core location for Next’s operations and Tritax Big Box REIT plc is delighted to have made this acquisition.”

This was posted in Bdaily's Members' News section by Clare Burnett .