Finance

Urban Logistics goes on £33m warehouse spending spree across England

By 2020-11-09T08:38:00

Flexe warehouse in Irvine

Source: FLEXE

Urban Logistics has acquired five logistics assets for £33.1m across England, capitalising on the surge in online orders during the Covid-19 pandemic.

In Braintree, Essex, the group acquired a distribution warehouse for £11.2m at a 5.25% net initial yield (NIY). The units are let to Delamode Group, part of Xpediator, who are a freight and logistics provider. 

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