Dhl Runcorn

Whitehouse unit sells for £34m

Jessica Middleton-Pugh

A 650,000 sq ft warehouse let to courier giant DHL in Runcorn has sold for £34m, representing a net initial yield of 5%.

The unit on Aston Lane North at Whitehouse Industrial Park was sold by Atlantic Leaf to Elite Capital Partners. Atlantic Leaf bought the warehouse in 2016 for £24m from Oxenwood Catalina.

Elite is a Singaporean-based investment and wealth management company.

The warehouse is let to DHL until 2024, and brings in around £1.5m in rent annually. DHL services a number of retail contracts from the unit.

M1 Agency acted for Atlantic Leaf.

 

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That’s possibly the deal of the year. £10m + rent
“ boom” profit
China takes profit

By V