Derby logistics units sold in £11.5million double deal

Two industrial units totaling more than 100,000 sq ft on Derby Commercial Park have been sold for £11,557,234.

Property consultants CBRE and Avison Young advised Goodman on the sale of units 1A (32,743 sq ft) and 1B (69,128 sq ft) to a private investor.

Developed by Goodman, the units occupy a prime position at the entrance to Derby Commercial Park and provide Grade A specification accommodation, comprising warehouse and office space.

Unit 1B is pre-let to C.H. Robinson, a global transportation and third-party logistics company, on a 15-year lease. Unit 1A is available to let.

Oliver Forster, director in CBRE’s capital markets team in Birmingham said: “The Midlands has dominated the investment market in the past year, accounting for 37 per cent of investment sales by value within the logistics and manufacturing sector, driven by continuing strong occupier demand, rental growth and property fundamentals.

“The pre-let to C.H. Robinson demonstrates the strength of the occupational market in this location, particularly in the mid-size box range, and the excellent investor appetite.”

Derby Commercial Park is a 180-acre logistics development, which when completed will provide up to 1.98m sq ft of distribution space. Existing tenants include Kuehne+Nagle Drinksflow Logistics and Ted Baker.

Everton Philips advised the purchaser.