Realterm acquires parcel delivery facility in Crawley, UK
Transactions - FEBRUARY 13, 2023

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Realterm acquires parcel delivery facility in Crawley, UK

by Released

Realterm has acquired a 41,800-square-foot, parcel-delivery facility located on an 85,000-square-foot site in Manor Royal Business District, County Oak Way in Crawley, U.K. The parcel-delivery facility services the South London market and is near Gatwick Airport.

The property is fully leased to Yodel, a U.K. parcel and delivery service that processes about 15,000 parcels per day. It is well-positioned for parcel, air freight, and food & beverage users, with last-mile commerce and parcel operations for DPD, DHL, UPS, FedEx and Royal Mail all located within the same complex.

“Transport, storage and parcel shipping are all fast-growing industries in this part of the United Kingdom, and it’s exactly the type of logistics market we look to invest in,” said Balazs Lados, managing director and fund manager, Realterm. “This property’s functionality, terrific location and upside potential are ideal, and it is a compelling addition to our European portfolio.”

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