LondonMetric buy DHL Coventry facility 06.06.17

Advised by Levy Real Estate’s Industrial team. London Metric has acquired a 90,000 sq ft warehouse located immediately adjacent to Coventry Airport and 0.5 miles from the A45/A46 junction for £5.7m.

Levy’s Jeremy Grundy reports: “The warehouse is let to DHL on a new 10-year lease at a rent of £4.75 per sq ft. There is a break clause and an open market rent review in five years”.