ICG Real Estate has acquired Boots’ 473,232 sq ft distribution warehouse in Burton-on-Trent.
The warehouse was part of a sale and leaseback transaction, and has been let back to Boots on a long-term lease. The site is a major principal fulfilment and distribution facility for the pharmacist’s online business.
Chad Brown, managing director at ICG Real Estate, said: “Rental growth forecasts in the sector continue to be strong, with the investment structured to benefit from forecast market rental growth, with a base of RPI underpinning performance.
“We continue to seek further opportunities across the UK and Europe, with a focus on mission-critical real estate.”
ICG was advised by Gerald Eve and Ashurst.
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