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In this issue, Crisis in the Arts: The Creative . . .
Real estate investor Tritax Big Box REIT has a temperature-controlled distribution unit in Southampton for 44. 2 million pounds.
The facility in the industrial infant area contains 325,000 square feet on a 20-acre site.
It is destined for Tesco within 25 years of its january 2021.
Colin Godfrey, Managing Director of Fund Management, said: “This is a rare asset acquired outside the market in a location on the south coast next to the M27 motorway and near the port of Southampton.
“With a strong existing tenant and a physically powerful underlying commercial market, this construction gives us several exciting asset control opportunities that will drive profit expansion and capital price expansion.
“While the investment market for logistics assets continues to strengthen, there are still exciting acquisition opportunities where significant can be added through asset management. “