St Modwen Logistics has acquired a 267,000 sq ft logistics unit in Bilston, Wolverhampton, from a private vendor for an undisclosed price.
Titan 10 Distribution Centre has been let to palletised freight distribution company Pallet-Track for more than 15 years and serves as its central UK hub.
The unit is located just 10 minutes from junction 10 of the M6 motorway and is 15 miles from Birmingham city centre.
James Cooper, head of transactions at St Modwen Logistics, said: “This transaction represents a rare opportunity to acquire a high-specification distribution facility which is let to a leading UK business, in the ‘golden triangle’. This asset is a great example of the business-critical logistics facilities we are acquiring as part of our wider aggregation strategy.”
Andrew Franck-Steier, director at Atlas Real Estate, who represented the vendor on the deal, added: “We were delighted to be asked to sell the asset and it was great to have been involved in both the original funding and sale of the deal.”
Acre Capital Real Estate acted for St Modwen Logistics.
