One of the biggest chilled warehouses in Europe was sold this week by chocolate giant Cadbury.
The massive distribution centre in Birmingham’s Midpoint Park went for £24.7 million to US-based Cabot Properties. At 403,000 square feet, the warehouse represents an excellent opportunity for any enterprise looking for chilled storage space in the UK, and is also the first time that Cabot has made a purchase in the British property market.
The sale was made by real estate brokers Hines, acting for its Pan-European Core Fund (HECF), which originally bought the warehouse from Cadbury in a sale and leaseback deal. The … Read More