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.