Realterm acquires cross-dock facility in East Midlands, U.K.
Realterm has acquired 10 Dodwells Road, a 27,620-square-meter, low-coverage industrial outdoor storage (IOS)/cross-dock logistics facility located in Hinckley, U.K.
The property is fully leased by multinational retailer Tesco Distribution Limited, a subsidiary of Tesco plc. The property offers 55 loading positions, ample truck parking and immediate highway access. Recent improvements to the facility include refrigerated and ambient distribution areas, a new roof system, new cross-docked doors and a resurfaced parking area.
“We look forward to engaging and supporting Tesco, the United Kingdom’s biggest supermarket chain, with its operation in Hinckley and its distribution network needs in the region,” said Leonie Kierkels, director asset management, Europe, for Realterm.
“Despite challenging capital markets conditions, occupier demand remains robust in the market,” said Jon Chalkley, head of European investments for Realterm. “We’re bullish on the