St Modwen has acquired a circa 170,000 sq ft cross-docked distribution centre in Hatfield, Hertfordshire, for an undisclosed price.
The warehouse is located on Hatfield Business Park close to the A1 and M25, and is fully let to parcel delivery service Yodel.
The asset has 158 dock level loading doors, 233 HGV parking bays, office accommodation and a staff welfare facility.
James Cooper, head of transactions at St Modwen Logistics, said: “There has been a long-term shortage of modern logistics space across many areas in the South East of England. This is a rare opportunity to acquire a high-quality, exceptionally located warehouse let to a leading UK business, and continues our growth in the highly competitive submarkets in and around London.”
