CBRE Investment Management Lets 302,000 sq ft at Park Ryton to DHL Supply Chain
February 2, 2022
CBRE Investment Management has let a 302,000 distribution centre at Park Ryton to DHL Supply Chain, the global leader in supply chain management and third-party logistics, on a 15-year lease.
Formerly leased to Network Rail Infrastructure, the distribution centre is part of Park Ryton, which is situated in the heart of the ‘Golden Triangle’, four miles to the south east of Coventry and at the intersection of the A45 and A46 dual carriageways.
Built in 2013, the high specification distribution unit is BREEAM rated ‘Very Good’ and has an EPC rating of A. It is located on a well-configured site.
Richard Dean, Head of UK Transactions and Real Estate Execution at CBRE Investment Management said: “With demand for industrial and logistics space in the Midlands going from strength to strength letting our distribution centre to the global logistics leader is a strong endorsement of our strategy to acquire and operate best-in-class logistics assets in key markets. This deal will provide our client with secure income over a long-term lease.”
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $133.1 billion in assets under management* as of September 30, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2020 revenue). CBRE has more than 100,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the assets under management, fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.