CBRE Global Investors (CBRE GI) has acquired a 68,000 sq ft site at Panattoni Park Luton.
The logistics asset is fully let to Deta Electrical on a 15-year lease and reached practical completion at the end of January.
“Panattoni Park Luton offers a unique opportunity for occupiers seeking prominence from, and easy access to, the southern M1 motorway,” said Charlie Foster, director in the Savills investment division, which advised Panattoni. “We are pleased to have achieved this excellent result on the investment disposal on behalf of our client.”
DTRE advised CBRE Global Investors.