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Sign in Sign up for a FREE subscriptionWarehouse REIT buys four modern warehouses
Warehouse REIT has acquired four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, England, totaling 390,000 square feet. The purchase price of €39.8 million ($48.3 million). Ranging from 74,000 square feet to 163,000 square feet, the units are occupied by three separate occupiers spanning the automotive and pharmaceutical sectors.
Boulevard Industry Park is one of Liverpool's most successful and popular business locations, immediately adjacent to Jaguar Land Rover's 300-acre Halewood manufacturing plant and major facilities for AstraZeneca and Seqirus. Occupiers benefit from the asset's prominent location fronting onto Speke Boulevard (A561), the principle southern gateway into Liverpool city center (7 miles to the northwest) which provides easy access onto M57 and M62 motorways, as well as its close proximity to Liverpool's John Lennon Airport. The North West is one of the fastest-growing regions in the United Kingdom, which is benefiting from a ris
