Knight Frank Investment Management has completed a £100m acquisition of a Sainsbury’s regional distribution unit at Hams Hall, Birmingham
The deal was completed on behalf of a consortium of Korean institutional investors.
It is the second acquisition that KFIM has made on behalf of this entity – three weeks ago it acquired a BAE-occupied manufacturing warehouse at Radway Green, Crewe, for £56m.
Kevin Aitchison, chief executive, Knight Frank Investment Management, said: “Hams Hall is one of the strongest distribution locations in the UK and is one of Sainsbury’s key regional hubs. From an investment perspective it provides a long cash flow from an institutional-grade tenant in a location that has strong underlying investment fundamentals.”
Knight Frank acted for KFIM; CBGA represented the vendor, Christian Vision, a fund managed by IM Properties.
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