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Legal & General Investment Management has acquired Argos’ national distribution centre in Acton Gate, Stafford, for ?33million. The 473,222 sq ft unit, built in 1996, is let to Argos until December 2026, at a rent of ?2,170,500 per annum, reflecting ?4.65 per sq ft. CBRE advised Legal & General on the off-market purchase from Zaad Property Limited, advised by Dimah Capital Investment Company.

Ed Gamble, head of CBRE’s Capital Markets team in Birmingham, said: “Substantial off-market opportunities are few and far between at the moment, especially in a sector that is so hotly contested. I so have storage issues, but couldnt have a standard shed as only have a small personal garden.

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Author: admin | 10.12.2013 | Category: Small Sheds For Sale

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