TH Real Estate has agreed a deal to buy Prologis’s £140m Project Click portfolio.
The 1.6m sq ft collection of eight assets was close to being sold to Oxenwood Real Estate but the deal fell through. The agreed price is thought to reflect a yield of around 6.5%.
The assets are being sold by Prologis as they are considered to be non-core and of a smaller size than the large, modern logistics facilities the company is now focusing on.
The portfolio includes:
• Amazon’s 545,000 sq ft logistics warehouse in Peterborough
• A Eurohub warehouse at Prologis Park in Corby.
• A 360,000 sq ft warehouse at Crewe 360 in Crewe
• A 116,000 sq ft Bidvest facility at Prologis Cabot Park in Avonmouth
• A 185,000 sq ft DC1 centre at Prologis Middlewich, Cheshire
• A 166,500 DC1 hub in Didcot
• One Stop Shop warehouse at Prologis Wakefield of 120,000 sq ft
• A 85,000 sq ft unit at Heartland Business Park in Daventry
JLL is selling Project Click.
