DTZ Investors has sold a warehouse in Amber Park, South Normanton, to EQT Exeter for £16.8m.
The AP3 unit is fully let to Alloga UK for a further 1.1 years, providing an opportunity to capture significant reversion at lease expiry.
Tom Royston, director at DTZ Investors, said: “We are very pleased to have successfully disposed of this asset. The sale crystallises an exceptionally strong outcome for our client, having held the asset for 15 years. The divestment of this asset removes the impact of what was a high level of income concentration risk in 2025 due to the upcoming lease expiry and therefore the sale is in accordance with fund strategy.”
Will Gubb, head of industrial capital markets at Knight Frank, which advised DTZ Investors on the sale, added: “This transaction demonstrates the continued strong investor demand for reversionary logistics assets with lease events within the next 12-24 months. We continue to see good liquidity in this area of the market, with investors remaining bullish on rental growth performance and re-letting prospects.”
BNP Paribas Real Estate represented EQT Exeter on the acquisition.
