Huge Amazon warehouse sold in £161m deal

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Amazon’s huge 1.1m sq ft fulfilment centre in Bardon, Leicetershire has changed hands in a £161m deal.

BNP Paribas Real Estate Investment Management (BNP Paribas REIM), acting on behalf of Vestas Investment Management (Vestas), has sold the scheme to Savills Investment Management.

The hub was bought in 2016 and was the first collaboration between BNP Paribas REIM and Vestas.

“We are very pleased to close the first successful investment on behalf of Vestas, who has been a partner of choice for us over the last few years. It demonstrates our group’s capacity to support institutional investors in building out-performing, diversified Core Portfolios in the UK and Continental Europe,” says Benoit de la Boulaye, head of BNP Paribas REIM UK.

“The conclusion of this investment with BNP Paribas

 link source - The Business Desk

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