Cogent Real Estate advised LondonMetric on the off market acquisition of a 51,000 sq ft warehouse from the Milton Group. The property is situated on Newton Road Crawley, the Heart of the Manor Royal Business District.

The warehouse is let for a further 6.4 years to TNT at a rent of £6.31 psf compared to an ERV of £9.00psf. There is a break clause and an open market rent review in 2018.
LondonMetric Property are delighted with the transaction. The acquisition increases their distribution assets in Crawley, where there is virtually no availability, strong occupier demand and attractive rental growth prospects.

For more information please contact Gerry Connolly on;

Mobile: 07557 114583
Direct: 0203 369 4000
Email: gc@cogentre.co.uk