Moorfield makes Crewe logistics buy for MREFIV

Geberit UK

Moorfield Group has acquired a £16.25m distribution warehouse near Crewe from Lagan Developments for its Moorfield Real Estate Fund IV (MREFIV).

Fully let to Swiss sanitary product manufacturer Geberit as its only UK distribution centre, the 324,000 sq ft warehouse is located at Alsager, three miles from the M6. The warehouse is let to Geberit, a family business which dates back to 1874 in Switzerland, until December 2020.

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