Slate Asset Management has entered into an agreement to acquire the Morrisons Regional Distribution Center in Bridgwater, U.K., from Aviva Investors.
The center is a high-quality, 780,000-square-foot distribution facility that is fully leased by Morrisons, a U.K. grocer, on an index-linked and triple-net basis.
The center is Morrisons’ only distribution facility in the southwest United Kingdom and is strategically located on the most important motorway axis in the region, with excellent transport connections to south England and south Wales. The center is essential to Morrisons’ supply chain, operating 24 hours a day, seven days a week to serve nearly 20 percent of Morrisons’ supermarket locations.
The center benefits from strong ESG credentials, with more than 4,000 rooftop solar panels, rainwater harvesting systems and on-site recycling. Morrisons also continues to actively invest in upgrades and technologies that are further improving the sustainability
